Bank failure · IA

Oakland Savings Bank (Oakland, IA) — failed September 7, 1984

Oakland Savings Bank of Oakland, Iowa was closed on September 7, 1984 and resolved through a purchase and assumption. Oakland State Bank (IA) took over its insured deposits. At failure it held $22.1M in assets and $19.9M in deposits. The FDIC's estimated loss on the failure is $6.6M (29.7% of assets).