Bank failure · IA
Sioux Valley S & LA (Cherokee, IA) — failed April 6, 1989
Sioux Valley S & LA of Cherokee, Iowa was closed on April 6, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $61.8M in assets and $90.8M in deposits. The FDIC's estimated loss on the failure is $41.9M (67.9% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 30518
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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