Bank Failure
Williams Savings Bank
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Closed March 20, 1986 · Williams, IA · FDIC Cert #12667.
- Closing date
- March 20, 1986
- Headquarters
- Williams, IA
- FDIC Certificate
- 12667
- Total assets at closing
- $12.8M
- Total deposits at closing
- $11.7M
- Estimated loss to the insurance fund
- $359K
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- Iowa Falls State Bank
Context
On March 20, 1986, regulators closed Williams Savings Bank, headquartered in Williams, IA. At closing, the institution held approximately $12.8M in assets and $11.7M in deposits. The FDIC record names Iowa Falls State Bank as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $359K.
By assets at closing this is the 2643rd largest of the 3,526 bank failures in the FDIC record, and the 124th of 162 in 1986. 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 Williams Savings Bank fail?
Williams Savings Bank was closed by regulators on March 20, 1986.
Who acquired Williams Savings Bank?
The FDIC record names Iowa Falls State Bank as the acquiring institution in the resolution of Williams Savings Bank.
How big was Williams Savings Bank when it failed?
Williams Savings Bank had approximately $12.8M in total assets and $11.7M in deposits at the time of failure.
Other failures in 1986
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 1986 | Lakeland State Bank | $49.4M |
| Dec 19, 1986 | Farmers State Bank | $9.7M |
| Dec 18, 1986 | First Bank & Trust Co. | $94.9M |
| Dec 18, 1986 | Landmark National Bank | $12.9M |
| Dec 18, 1986 | Lago Vista National Bank | $11.9M |
| Dec 12, 1986 | Guaranty Federal Bank FSB | $63.8M |
| Dec 12, 1986 | First Savings of America | $47.0M |
| Dec 9, 1986 | The Citizens Bank of Windsor | $24.8M |
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