Bank failure · IA

Valley National Bank of Fremont (Hamburg, IA) — failed April 29, 1993

Valley National Bank of Fremont of Hamburg, Iowa was closed on April 29, 1993 and resolved through a purchase and assumption (insured deposits). Decatur County State Ban (IA) took over its insured deposits. At failure it held $7.0M in assets and $6.8M in deposits. The FDIC's estimated loss on the failure is $165K (2.4% of assets).