Bank Branches › Closed and merged banks › Iowa › Perpetual Savings Bank, FSB
What happened to Perpetual Savings Bank, FSB?
Perpetual Savings Bank, FSB in Cedar Rapids, IA (earlier called Perpetual Savings and Loan Association and 1 other name) merged into Commercial Federal Bank, a Federal Savings Bank of Omaha, NE on May 30, 1998. After 2 more changes of hands, what was Perpetual Savings Bank, FSB is today part of BMO Bank National Association (Chicago, IL).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1875Perpetual Savings and Loan Association opens in Cedar Rapids, IA
- Jan 31, 1989renamed Perpetual Savings Bank
- Jul 19, 1991renamed Perpetual Savings Bank, FSB
- May 30, 1998MERGEDPerpetual Savings Bank, FSB merged into Commercial Federal Bank, a Federal Savings Bank of Omaha, NE.FDIC certificate 27624 ends; its business continues under certificate 30341.
- Dec 3, 2005MERGEDCommercial Federal Bank, a Federal Savings Bank of Omaha, NE merged into Bank of the West of San Francisco, CA.FDIC certificate 30341 ends; its business continues under certificate 3514.
- Feb 2, 2023MERGEDBank of the West of San Francisco, CA merged into BMO Harris Bank National Association of Chicago, IL.FDIC certificate 3514 ends; its business continues under certificate 16571.
- TodayOPEN
BMO Bank National AssociationMain office Chicago, IL · FDIC certificate 16571 · 988 offices in 23 states on June 30, 2026Every BMO Bank National Association office → Website on file with the FDIC: www.bmo.com
If you still have something from Perpetual Savings Bank, FSB
A lien that was never released
If a paid-off mortgage, home-equity line or car loan still shows Perpetual Savings Bank, FSB as lienholder, start with BMO Bank National Association. In a merger the surviving bank takes over the other bank's loans, so it is the bank to ask for a recordable lien release; if the loan was sold along the way, it can tell you to whom.
The FDIC says it cannot process lien releases for banks that merged or were acquired without government assistance, which is what the record shows here.
Record the release with the same county office that recorded the original mortgage or deed of trust.
An old account, passbook or CD
Ask BMO Bank National Association to search for the account under the name Perpetual Savings Bank, FSB. A passbook or certificate shows an account existed. It doesn't show the money is still there, and the OCC notes that federal rules require banks to keep most account records for five years.
Accounts nobody touches are eventually turned over to a state. The OCC puts the usual wait at three to five years with no activity, set by each state's law. Search the unclaimed-property program of the state of the owner's last known address on the bank's records, and any other state they lived in. It is free to search and to claim through a state's own site, and MissingMoney.com, an official site of the state administrators' association, searches most states at once.
A safe deposit box
Ask BMO Bank National Association which branch now holds boxes from the Perpetual Savings Bank, FSB office you used. The OCC says a box with no activity for three to five years (the period is set by state statute) is likely treated as dormant, and its contents may be turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain. The office list below shows which bank each office reports under now.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Its offices in the FDIC deposit reports
5 offices filed under this charter in some year from 1994 on. 1 is still open as of June 30, 2026.
| Office | Now |
|---|---|
| 700 1st Ave NeCedar Rapids, IA | OpenBMO Bank National Association |
| 201 S. Clinton StreetIowa City, IA | No longer reported |
| 4444 First Avenue, N.E.Cedar Rapids, IA | No longer reported |
| 3730 Williams Blvd S WCedar Rapids, IA | No longer reported |
| 5000 Edgewood Rd NeCedar Rapids, IA | No longer reported |
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 27624 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.