Bank failure · IA

Community State Bank (Whiting, IA) — failed June 2, 1988

Community State Bank of Whiting, Iowa was closed on June 2, 1988 and resolved through a purchase and assumption. Sloan State Bank (IA) took over its insured deposits. At failure it held $5.1M in assets and $5.0M in deposits. The FDIC's estimated loss on the failure is $923K (18.2% of assets).