Bank Failure
OAKLAND SAVINGS BANK
Closed September 7, 1984 · OAKLAND, IA · FDIC Cert #233.
- Closing date
- September 7, 1984
- Headquarters
- OAKLAND, IA
- FDIC Certificate
- 233
- Total assets at closing
- $22,101,000
- Total deposits at closing
- $19,921,000
- Estimated loss to DIF
- $6,565,000
- Resolution type
- other
- Acquirer
- OAKLAND STATE BANK (FDIC Cert #2414)
Context
On September 7, 1984, regulators closed OAKLAND SAVINGS BANK, headquartered in OAKLAND, IA. At closing, the institution held approximately $22,101,000 in assets and $19,921,000 in deposits. The FDIC arranged a resolution under which OAKLAND STATE BANK acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $6,565,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1984
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1984-12-22 | FIRST SECURITY BANK | SANDWICH, IL | $13,422,000 |
| 1984-12-20 | THE FARMERS STATE BANK | SELDEN, KS | $14,578,000 |
| 1984-12-18 | UEHLING STATE BANK | UEHLING, NE | $4,224,000 |
| 1984-12-11 | UNIVERSITY BANK OF WICHITA | WICHITA, KS | $4,700,000 |
| 1984-12-07 | SAN MARINO S&LA | SAN MARINO, CA | $856,806,000 |
| 1984-12-07 | FARMERS STATE BK OF HOLYOKE | HOLYOKE, CO | $3,901,000 |
| 1984-12-04 | GOLDEN SPIKE STATE BANK | TREMONTON, UT | $7,788,000 |
| 1984-11-30 | THE DAYTON BK & TR CO. | DAYTON, TN | $51,433,000 |
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