Bank failure · IA

Scandia S&la (Des Moines, IA) — failed April 1, 1984

Scandia S&la of Des Moines, Iowa was closed on April 1, 1984 and resolved through a a/a. First Financial S&la (IA) took over its insured deposits. At failure it held $65.2M in assets and $65.9M in deposits. The FDIC's estimated loss on the failure is $3.4M (5.2% of assets).