Data / Bank failures / 1986 / Graettinger State Bank
Graettinger State Bank, Graettinger, IA: failed August 7, 1986
Graettinger State Bank in Graettinger, Iowa, failed on August 7, 1986. Swea City State Bank of Swea City, IA, took over its deposits. It held $11.8 million in assets and $11.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $710,929 (6% of its assets). By assets it was the 170th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- August 7, 1986
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Swea City State Bank, Swea City, IA
- Total assets
- $11,828,000
- Total deposits
- $11,459,000
- Estimated cost to the FDIC
- $710,929 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 18377
Other bank failures in Iowa, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Home FS&LA (assistance) | Spencer | December 30, 1988 | $46.5 million | $51.6 million | $9 million | Northwest FSB |
| Northwest FS&LA (assistance) | Spencer | December 30, 1988 | $129.1 million | $144.6 million | $66.5 million | Northwest FSB |
| First Financial SB (assistance) | Des Moines | December 28, 1988 | $262.7 million | $211.4 million | $85.7 million | Metropolitan Federal Bank O |
| Midamerica SB (assistance) | Waterloo | December 12, 1988 | $244.3 million | $232.3 million | $14 million | Midamerica Savings Bank |
| Pisgah Savings Bank | Pisgah | September 1, 1988 | $9.7 million | $9.3 million | $3 million | Iowa Savings Bank |
| Mingo Trust & Savings Bank | Mingo | September 1, 1988 | $12.1 million | $11.4 million | $775,307 | Exchange State Bank |
| Pioneer FS&LA in Mason City (assistance) | Mason City | August 26, 1988 | $314 million | $310 million | $141.2 million | Pioneer FS&LA |
| Western FS&LA (assistance) | Council Bluffs | August 11, 1988 | $23.9 million | $39.1 million | $11.7 million | First FS&LA of Lincoln-Iowa |
Other failed banks Swea City State Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Lone Rock Bank, N.A. | Lone Rock | IA | May 29, 1986 | $7.5 million | $7.2 million | $2.2 million | Swea City State Bank |
All bank failures in 1986 · All bank failures in Iowa · Every failed bank Swea City State Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.