Bank failure · IA
Citizens State Bank (Iowa Falls, IA) — failed July 31, 1986
Citizens State Bank of Iowa Falls, Iowa was closed on July 31, 1986 and resolved through a purchase and assumption. Green Belt Bank&trust (IA) took over its insured deposits. At failure it held $54.0M in assets and $53.5M in deposits. The FDIC's estimated loss on the failure is $4.8M (9.0% of assets).
- Closing date
- July 31, 1986
- FDIC certificate #
- 15109
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Green Belt Bank&trust
- Insurance fund
- FDIC
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