Bank failure · IA

Western Fs&la (Council Bluffs, IA) — failed August 11, 1988

Western Fs&la of Council Bluffs, Iowa was closed on August 11, 1988 and resolved through a a/a. First Fs&la of Lincoln-Iowa (IA) took over its insured deposits. At failure it held $23.9M in assets and $39.1M in deposits. The FDIC's estimated loss on the failure is $11.7M (49.0% of assets).