Bank failure · IA
Commercial State Bank (Pocahontas, IA) — failed June 27, 1986
Commercial State Bank of Pocahontas, Iowa was closed on June 27, 1986 and resolved through a purchase and assumption. Citizens State Bank (IA) took over its insured deposits. At failure it held $47.9M in assets and $42.9M in deposits. The FDIC's estimated loss on the failure is $9.9M (20.8% of assets).
- Closing date
- June 27, 1986
- FDIC certificate #
- 257
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citizens State Bank
- Insurance fund
- FDIC
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