Data / Bank failures / 1982 / Mount Pleasant BK & TR Company
Mount Pleasant BK & TR Company, Mount Pleasant, IA: failed August 6, 1982
Mount Pleasant BK & TR Company in Mount Pleasant, Iowa, failed on August 6, 1982. Hawkeye BANK&TRUST of Mount Pleasant, IA, took over its deposits. It held $29.4 million in assets and $26.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $32 (0% of its assets). By assets it was the 76th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- August 6, 1982
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Hawkeye BANK&TRUST, Mount Pleasant, IA
- Total assets
- $29,367,000
- Total deposits
- $26,214,000
- Estimated cost to the FDIC
- $32 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 16558
Other bank failures in Iowa, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Oakland Savings Bank | Oakland | September 7, 1984 | $22.1 million | $19.9 million | $6.6 million | Oakland State Bank |
| The Tingley State Savings Bank | Mount Ayr | August 10, 1984 | $19.4 million | $18.5 million | $6.3 million | Hawkeye BANK&TRUST |
| The Farmers Nat BK of Aurelia | Aurelia | June 21, 1984 | $19.9 million | $19.1 million | $2 million | Heritage Bank National A |
| Scandia S&LA (assistance) | Des Moines | April 1, 1984 | $65.2 million | $65.9 million | $3.4 million | First Financial S&LA |
| Mutual FS&LA of Mason City (assistance) | Mason City | July 1, 1983 | $118.8 million | $103.7 million | $6.8 million | American FS&LA |
| The First National BK in Humbold | Humboldt | April 2, 1982 | $55.4 million | $47.4 million | Hawkeye BANK&TRUST | |
| Sioux City FS&LA (assistance) | Sioux City | November 1, 1980 | $25.4 million | $18.1 million | United FSB of Iowa | |
| Security S&LA (assistance) | Marion | September 1, 1980 | $54.6 million | $44.3 million | $2 million | Midland Financial S&LA |
Other failed banks Hawkeye BANK&TRUST took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Tingley State Savings Bank | Mount Ayr | IA | August 10, 1984 | $19.4 million | $18.5 million | $6.3 million | Hawkeye BANK&TRUST |
| The First National BK in Humbold | Humboldt | IA | April 2, 1982 | $55.4 million | $47.4 million | Hawkeye BANK&TRUST |
All bank failures in 1982 · All bank failures in Iowa · Every failed bank Hawkeye BANK&TRUST took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.