Data / Bank failures / 2011 / Polk County Bank
Polk County Bank, Johnston, IA: failed November 18, 2011
Polk County Bank in Johnston, Iowa, failed on November 18, 2011. Grinnell State Bank of Grinnell, IA, took over its deposits. It held $91.6 million in assets and $82 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $16.1 million (17.5% of its assets). By assets it was the 79th largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- November 18, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Grinnell State Bank, Grinnell, IA
- Total assets
- $91,580,000
- Total deposits
- $81,967,000
- Estimated cost to the FDIC
- $16,053,274 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 14194
Other bank failures in Iowa, 2009 to 2013
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Vantus Bank | Sioux City | September 4, 2009 | $503.6 million | $394.4 million | $101.6 million | Great Southern Bank |
All bank failures in 2011 · 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.