Bank failure · IA

Peoples State Bank (Odebolt, IA) — failed April 26, 1985

Peoples State Bank of Odebolt, Iowa was closed on April 26, 1985 and resolved through a purchase and assumption. Peoples Savings Bank (IA) took over its insured deposits. At failure it held $13.5M in assets and $12.7M in deposits. The FDIC's estimated loss on the failure is $2.3M (17.2% of assets).