Bank failure · IA
United Fsa of Iowa (Des Moines, IA) — failed March 22, 1991
United Fsa of Iowa of Des Moines, Iowa was closed on March 22, 1991 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $895.8M in assets and $715.8M in deposits. The FDIC's estimated loss on the failure is $50.2M (5.6% of assets).
- Closing date
- March 22, 1991
- FDIC certificate #
- 29287
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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