Bank failure · IA
Mutual Fs&la of Mason City (Mason City, IA) — failed July 1, 1983
Mutual Fs&la of Mason City of Mason City, Iowa was closed on July 1, 1983 and resolved through a a/a. American Fs&la (IA) took over its insured deposits. At failure it held $118.8M in assets and $103.7M in deposits. The FDIC's estimated loss on the failure is $6.8M (5.7% of assets).
- Closing date
- July 1, 1983
- FDIC certificate #
- 27620
- Resolution
- A/A (assistance)
- Acquiring institution
- American Fs&la
- Insurance fund
- FSLIC
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