Bank failure · IA

Inwood State Bank (Inwood, IA) — failed February 19, 1985

Inwood State Bank of Inwood, Iowa was closed on February 19, 1985 and resolved through a purchase and assumption. Security Savings Bank (IA) took over its insured deposits. At failure it held $8.1M in assets and $7.6M in deposits. The FDIC's estimated loss on the failure is $1.3M (15.5% of assets).