Bank failure · IA

Security State Bank (Casey, IA) — failed August 9, 1988

Security State Bank of Casey, Iowa was closed on August 9, 1988 and resolved through a a/a. Security State Bank (IA) took over its insured deposits. At failure it held $15.4M in assets and $15.2M in deposits. The FDIC's estimated loss on the failure is $160K (1.0% of assets).