Bank failure · IA
The Lone Rock Bank, N.A. (Lone Rock, IA) — failed May 29, 1986
The Lone Rock Bank, N.A. of Lone Rock, Iowa was closed on May 29, 1986 and resolved through a purchase and assumption. Swea City State Bank (IA) took over its insured deposits. At failure it held $7.5M in assets and $7.2M in deposits. The FDIC's estimated loss on the failure is $2.2M (29.5% of assets).
- Closing date
- May 29, 1986
- FDIC certificate #
- 25297
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Swea City State Bank
- Insurance fund
- FDIC
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