Bank failure · IA
Graettinger State Bank (Graettinger, IA) — failed August 7, 1986
Graettinger State Bank of Graettinger, Iowa was closed on August 7, 1986 and resolved through a purchase and assumption. Swea City State Bank (IA) took over its insured deposits. At failure it held $11.8M in assets and $11.5M in deposits. The FDIC's estimated loss on the failure is $711K (6.0% of assets).
- Closing date
- August 7, 1986
- FDIC certificate #
- 18377
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Swea City State Bank
- Insurance fund
- FDIC
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