Bank failure · IA

Pisgah Savings Bank (Pisgah, IA) — failed September 1, 1988

Pisgah Savings Bank of Pisgah, Iowa was closed on September 1, 1988 and resolved through a insured deposit transfer. Iowa Savings Bank (IA) took over its insured deposits. At failure it held $9.7M in assets and $9.3M in deposits. The FDIC's estimated loss on the failure is $3.0M (30.8% of assets).