Bank failure · IA

Pioneer Fs&la in Mason City (Mason City, IA) — failed August 26, 1988

Pioneer Fs&la in Mason City of Mason City, Iowa was closed on August 26, 1988 and resolved through a a/a. Pioneer Fs&la (IA) took over its insured deposits. At failure it held $314.0M in assets and $310.0M in deposits. The FDIC's estimated loss on the failure is $141.2M (45.0% of assets).