Bank failure · IA

Hayesville Savings Bank (Hayesville, IA) — failed March 10, 1988

Hayesville Savings Bank of Hayesville, Iowa was closed on March 10, 1988 and resolved through a insured deposit transfer. Farmers Savings Bank (IA) took over its insured deposits. At failure it held $38.0M in assets and $37.5M in deposits. The FDIC's estimated loss on the failure is $2.0M (5.2% of assets).