Bank Failure
First National Bank of Eldora
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Closed October 5, 1973 · Eldora, IA · FDIC Cert #10498.
- Closing date
- October 5, 1973
- Headquarters
- Eldora, IA
- FDIC Certificate
- 10498
- Total assets at closing
- $8.1M
- Total deposits at closing
- $7.5M
- 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 October 5, 1973, regulators closed First National Bank of Eldora, headquartered in Eldora, IA. At closing, the institution held approximately $8.1M in assets and $7.5M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 2858th largest of the 3,526 bank failures in the FDIC record, and the 4th of 6 in 1973. 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 First National Bank of Eldora fail?
First National Bank of Eldora was closed by regulators on October 5, 1973.
How big was First National Bank of Eldora when it failed?
First National Bank of Eldora had approximately $8.1M in total assets and $7.5M in deposits at the time of failure.
Other failures in 1973
| Date | Bank | Assets |
|---|---|---|
| Oct 18, 1973 | United States National Bank | $1.27B |
| Jul 16, 1973 | The First State Bank | $16.2M |
| May 7, 1973 | Elm Creek State Bank | $3.2M |
| Mar 26, 1973 | Skyline National Bank | $6.5M |
| Jan 19, 1973 | Delta Security Bank and Trust Company | $9.8M |
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