Bank failure · IA

Home Fs&la (Spencer, IA) — failed December 30, 1988

Home Fs&la of Spencer, Iowa was closed on December 30, 1988 and resolved through a a/a. Northwest FSB (IA) took over its insured deposits. At failure it held $46.5M in assets and $51.6M in deposits. The FDIC's estimated loss on the failure is $9.0M (19.4% of assets).