Data / Bank failures / 1970 / State Bank of Prairie City
State Bank of Prairie City, Prairie City, IA: failed February 22, 1970
State Bank of Prairie City in Prairie City, Iowa, failed on February 22, 1970. It held $4.1 million in assets and $3.9 million in deposits at its last report. By assets it was the 6th largest of 7 banks closed or assisted in 1970.
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The FDIC's record
- Closed
- February 22, 1970
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $4,130,000
- Total deposits
- $3,897,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 14571
All bank failures in 1970 · 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.