Data / Bank failures / 1983 / Mutual FS&LA of Mason City
Mutual FS&LA of Mason City, Mason City, IA: received FDIC assistance July 1, 1983
Mutual FS&LA of Mason City in Mason City, Iowa, received open bank assistance from the FDIC on July 1, 1983. It held $118.8 million in assets and $103.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $6.8 million (5.7% of its assets). By assets it was the 28th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- July 1, 1983
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- American FS&LA, Des Moines, IA
- Total assets
- $118,783,604
- Total deposits
- $103,705,878
- Estimated cost to the FDIC
- $6,796,731 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 27620
Other bank failures in Iowa, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Home FS&LA (assistance) | Sioux City | December 2, 1985 | $115.3 million | $117.1 million | $10 million | First of Sioux City |
| Auburn Savings Bank | Auburn | November 8, 1985 | $6.8 million | $6.6 million | $713,693 | Carroll County State Ban |
| Early Savings Bank | Early | November 1, 1985 | $12.9 million | $11.9 million | $1.2 million | Citizens 1ST NB Storm La |
| Mineola State Bank | Mineola | August 6, 1985 | $5.2 million | $4.9 million | $212,509 | Glenwood State Bank |
| Urbana Savings Bank | Urbana | June 21, 1985 | $7.2 million | $6.3 million | $810,302 | Peoples BANK&TRUST Co |
| Story County State Bank | Story City | May 9, 1985 | $33.6 million | $31.6 million | $6.6 million | Story County BANK&TRUST |
| Farmers Savings Bank | Massena | May 3, 1985 | $16.9 million | $15.4 million | $6.4 million | Union National Bank |
| Peoples State Bank | Odebolt | April 26, 1985 | $13.5 million | $12.7 million | $2.3 million | Peoples Savings Bank |
All bank failures in 1983 · All bank failures in Iowa · 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.