Statesman Bank for Savings, FSB

Status:Inactive as of 07/27/1990
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Statesman Federal Savings Bank
Headquarters:Statesman Bank for Savings, FSB
4th At Mulberry
Waterloo, IA 50704
Established:03/11/1988
FDIC Insurance:08/09/1989
FDIC Cert:#32578
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$540,440,000
Total Deposits:$445,078,000

History

1988-03-11Institution established: Original name:Statesman Bank for Savings, FSB
1988-03-31Acquired First Federated Savings Bank (31371) in NORTH PALM BEACH, FL
1988-03-31Acquired Peoples Federal Savings and Loan Association (30818) in WATERLOO, IA
1988-03-31Acquired First Federal Savings Bank (28766) in WATERLOO, IA
1988-03-31Acquired The Perpetual Savings and Loan Association (29982) in WATERLOO, IA
1990-07-27Placed into government conservatorship.
1990-07-27Failed, went into receivership, and then became part of Statesman Federal Savings Bank (33154)
1990-07-27Institution established: Original name:Statesman Federal Savings Bank (33154)
1991-03-01Acquired after government financial assistance and subsequently operated as part of West Des Moines State Bank (15614)
1991-03-01Government conservatorship or bridge bank resolved.
1994-06-24Acquired United Federal Savings Association of Iowa (33358) in DES MOINES, IA as part of a government assisted transaction.
2003-07-19Acquired Hawkeye State Bank (19535) in IOWA CITY, IA
2003-11-19Changed name to West Bank (15614)