Bank failure · IA
Sun Federal Savings Assoc. (Fort Dodge, IA) — failed March 16, 1990
Sun Federal Savings Assoc. of Fort Dodge, Iowa was closed on March 16, 1990 and resolved through a purchase and assumption. Ida County State Bank (IA) took over its insured deposits. At failure it held $24.3M in assets and $19.0M in deposits. The FDIC's estimated loss on the failure is $1.8M (7.5% of assets).
- Closing date
- March 16, 1990
- FDIC certificate #
- 31547
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Ida County State Bank
- Insurance fund
- RTC
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