Bank failure · IA

Mineola State Bank (Mineola, IA) — failed August 6, 1985

Mineola State Bank of Mineola, Iowa was closed on August 6, 1985 and resolved through a purchase and assumption. Glenwood State Bank (IA) took over its insured deposits. At failure it held $5.2M in assets and $4.9M in deposits. The FDIC's estimated loss on the failure is $213K (4.1% of assets).