Bank failure · IA
Story County State Bank (Story City, IA) — failed May 9, 1985
Story County State Bank of Story City, Iowa was closed on May 9, 1985 and resolved through a purchase and assumption. Story County Bank&trust (IA) took over its insured deposits. At failure it held $33.6M in assets and $31.6M in deposits. The FDIC's estimated loss on the failure is $6.6M (19.7% of assets).
- Closing date
- May 9, 1985
- FDIC certificate #
- 5813
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Story County Bank&trust
- Insurance fund
- FDIC
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