Bank failure · IA

The Tingley State Savings Bank (Mount Ayr, IA) — failed August 10, 1984

The Tingley State Savings Bank of Mount Ayr, Iowa was closed on August 10, 1984 and resolved through a purchase and assumption. Hawkeye Bank&trust (IA) took over its insured deposits. At failure it held $19.4M in assets and $18.5M in deposits. The FDIC's estimated loss on the failure is $6.3M (32.6% of assets).