Bank Failure
The First National BK in Humbold
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Closed April 2, 1982 · Humboldt, IA · FDIC Cert #4467.
- Closing date
- April 2, 1982
- Headquarters
- Humboldt, IA
- FDIC Certificate
- 4467
- Total assets at closing
- $55.4M
- Total deposits at closing
- $47.4M
- 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)
- Acquirer
- Hawkeye Bank&trust
Context
On April 2, 1982, regulators closed The First National BK in Humbold, headquartered in Humboldt, IA. At closing, the institution held approximately $55.4M in assets and $47.4M in deposits. The FDIC record names Hawkeye Bank&trust as the acquiring institution in the resolution.
By assets at closing this is the 1573rd largest of the 3,526 bank failures in the FDIC record, and the 4th of 34 in 1982. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did The First National BK in Humbold fail?
The First National BK in Humbold was closed by regulators on April 2, 1982.
Who acquired The First National BK in Humbold?
The FDIC record names Hawkeye Bank&trust as the acquiring institution in the resolution of The First National BK in Humbold.
How big was The First National BK in Humbold when it failed?
The First National BK in Humbold had approximately $55.4M in total assets and $47.4M in deposits at the time of failure.
Other failures in 1982
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 1982 | The Security State Bank | $11.6M |
| Dec 10, 1982 | Bollinger County Bank | $15.9M |
| Nov 19, 1982 | North Kansas Sa | $36.5M |
| Nov 19, 1982 | Ranchlander National Bank | $4.3M |
| Nov 12, 1982 | Bank of Quitman | $17.4M |
| Nov 5, 1982 | The First National Bank of South Charlesto | $28.6M |
| Nov 5, 1982 | Texas BK of Amarillo | $13.1M |
| Nov 2, 1982 | Cedar Bluff Bank | $13.7M |
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