Bank Failure
Donahue Savings Bank
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Closed August 26, 1977 · Donahue, IA · FDIC Cert #13914.
- Closing date
- August 26, 1977
- Headquarters
- Donahue, IA
- FDIC Certificate
- 13914
- Total assets at closing
- $5.5M
- Total deposits at closing
- $5.1M
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On August 26, 1977, regulators closed Donahue Savings Bank, headquartered in Donahue, IA. At closing, the institution held approximately $5.5M in assets and $5.1M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 2973rd largest of the 3,526 bank failures in the FDIC record, and the 3rd of 5 in 1977. It falls in the period the record labels Postwar Stability (1945-1979), a period with 161 failures peaking at 16 in 1976.
Three decades of regulated calm — Reg Q ceilings, geographic branching limits, and high industry profits kept failures rare.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Donahue Savings Bank fail?
Donahue Savings Bank was closed by regulators on August 26, 1977.
How big was Donahue Savings Bank when it failed?
Donahue Savings Bank had approximately $5.5M in total assets and $5.1M in deposits at the time of failure.
Other failures in 1977
| Date | Bank | Assets |
|---|---|---|
| Jul 29, 1977 | Republic National Bank of Louisiana | $6.3M |
| May 20, 1977 | First Augusta Bank & Trust Company | $24.2M |
| Mar 28, 1977 | The Monroe Bank and Trust Company | $4.3M |
| Mar 10, 1977 | First State Bank | $2.0M |
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