Data / Bank failures / Iowa
Bank failures in Iowa: 67 banks since 1936
67 banks in Iowa failed between 1936 and 2023, holding $4.87 billion in assets and $4.26 billion in deposits. The FDIC estimates the cost to its insurance fund at $529.5 million. The FDIC also assisted 16 open banks without closing them. The largest: American Federal Savings Assoc. ($910.7 million), United Fsa of Iowa ($895.8 million), Statesman Bank for Savings, FSB ($540.4 million). By decade: 1930s 5, 1940s 1, 1960s 1, 1970s 4, 1980s 58, 1990s 10, 2000s 2, 2010s 1, 2020s 1.
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| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Citizens Bank | Sac City | November 3, 2023 | $60.4 million | $52.3 million | $12.5 million | Iowa Trust & Savings Bank |
| Polk County Bank | Johnston | November 18, 2011 | $91.6 million | $82 million | $16.1 million | Grinnell State Bank |
| Vantus Bank | Sioux City | September 4, 2009 | $503.6 million | $394.4 million | $101.6 million | Great Southern Bank |
| Hartford-Carlisle SB | Carlisle | January 14, 2000 | $105 million | $68.5 million | $11.6 million | Citizens Bank |
| Valley National Bank of Fremont | Hamburg | April 29, 1993 | $7 million | $6.8 million | $164,766 | Decatur County State Ban |
| Peoples Fsa | Ottumwa | November 22, 1991 | $34.3 million | $33.7 million | $735,332 | South Ottumwa SB |
| Home FS & La of Harlan | Harlan | September 27, 1991 | $91.4 million | $89 million | $35,348 | Conservative SB FSB |
| First FS & La of Creston | Creston | May 10, 1991 | $67.3 million | $67.9 million | $1.8 million | First FSB of Creston |
| Home FS & La, FA | Algona | April 26, 1991 | $134.3 million | $116.9 million | $4,123 | |
| United Fsa of Iowa | Des Moines | March 22, 1991 | $895.8 million | $715.8 million | $50.2 million | |
| Statesman Bank for Savings, FSB | Des Moines | July 27, 1990 | $540.4 million | $445.1 million | $20.4 million | |
| Sun Federal Savings Assoc. | Fort Dodge | March 16, 1990 | $24.3 million | $19 million | $1.8 million | Ida County State Bank |
| American Federal Savings Assoc. | Des Moines | February 9, 1990 | $910.7 million | $817.9 million | $23.5 million | |
| First Central Federal Savings Bank | Chariton | January 4, 1990 | $112.8 million | $104.9 million | $372,113 | |
| Banc Iowa Federal Savings Bank | Cedar Rapids | October 16, 1989 | $161.9 million | $140.2 million | $21.9 million | |
| Sioux Valley S & La | Cherokee | April 6, 1989 | $61.8 million | $90.8 million | $41.9 million | |
| First FS & La of Estherville | Estherville | April 6, 1989 | $60.6 million | $58.9 million | $9.7 million | |
| 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 |
| First Federal Savings Bank (assistance) | Shenadoah | August 11, 1988 | $20.7 million | $22.7 million | $2.2 million | First FS&LA of Lincoln-Iowa |
| Security State Bank (assistance) | Casey | August 9, 1988 | $15.4 million | $15.2 million | $159,524 | Security State Bank |
| Community State Bank | Whiting | June 2, 1988 | $5.1 million | $5 million | $923,057 | Sloan State Bank |
| Forest City Bank & Trust Co. | Forest City | May 6, 1988 | $26.6 million | $26.5 million | $733,032 | Liberty BANK&TRUST |
| Peoples FS&LA (assistance) | Waterloo | March 11, 1988 | $151.3 million | $139.2 million | $27.1 million | Statesman Bank for SVG FSB |
| Perpetual S&LA (assistance) | Waterloo | March 11, 1988 | $112.8 million | $110.9 million | $20.9 million | Statesman Bank for SVG FSB |
| First Federal Savings Bank (assistance) | Waterloo | March 11, 1988 | $152.3 million | $174 million | $82.5 million | Statesman Bank for SVG FSB |
| Hayesville Savings Bank | Hayesville | March 10, 1988 | $38 million | $37.5 million | $2 million | Farmers Savings Bank |
| Aredale State Bank | Aredale | January 20, 1988 | $9.6 million | $9.1 million | $313,305 | First Security BANK&TRUS |
| Climbing Hill Savings Bank | Climbing Hill | December 3, 1987 | $5.4 million | $5.3 million | $646,363 | First TRUST&SAVINGS Bank |
| Farmers State Bank | Kanawha | July 30, 1987 | $15.9 million | $15.3 million | $2.4 million | First NB of Clarion |
| Osceola State Bank & Trust Company | Osceola | April 23, 1987 | $8.6 million | $7.7 million | $1.6 million | American State Bank |
| The First State Bank | Rockford | March 4, 1987 | $15.8 million | $15.2 million | $1.4 million | First Security BANK&TRUS |
| State Bank of Allison | Allison | February 5, 1987 | $17.4 million | $17 million | $1.5 million | Lincoln Savings Bank |
| Latimer Bank & Trust | Latimer | January 15, 1987 | $23.2 million | $22 million | $3.2 million | First NB of Clarion |
| Graettinger State Bank | Graettinger | August 7, 1986 | $11.8 million | $11.5 million | $710,929 | Swea City State Bank |
| Citizens State Bank | Iowa Falls | July 31, 1986 | $54 million | $53.5 million | $4.8 million | Green Belt BANK&TRUST |
| The First National Bank of Prairie City | Prairie City | July 24, 1986 | $18.9 million | $19.2 million | $1.8 million | Security Bank |
| Commercial State Bank | Pocahontas | June 27, 1986 | $47.9 million | $42.9 million | $9.9 million | Citizens State Bank |
| The Lone Rock Bank, N.A. | Lone Rock | May 29, 1986 | $7.5 million | $7.2 million | $2.2 million | Swea City State Bank |
| The Bedford National Bank | Bedford | May 1, 1986 | $19.3 million | $18.4 million | $4.6 million | American National Bank |
| The National Bank | Dyersville | April 10, 1986 | $43 million | $39.8 million | $11.2 million | American TRUST&SAVINGS B |
| Williams Savings Bank | Williams | March 20, 1986 | $12.8 million | $11.7 million | $359,235 | Iowa Falls State Bank |
| Capitol S&LA | Mount Pleasant | February 21, 1986 | $192 million | $180.5 million | $99 million | Midwest FS&LA of Minneapoli |
| First National Bank of Tipton | Tipton | February 14, 1986 | $17.9 million | $18 million | $664,646 | Citizens Savings Bank |
| The Peoples National Bank & Trust | Albia | February 6, 1986 | $52 million | $49.4 million | $13.4 million | |
| 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 |
| Commercial State Bank | Afton | March 8, 1985 | $16.3 million | $15.6 million | $3 million | Citizens Savings Bank |
| Inwood State Bank | Inwood | February 19, 1985 | $8.1 million | $7.6 million | $1.3 million | Security Savings Bank |
| First National Bank of Woodbine | Woodbine | February 7, 1985 | $25.8 million | $25.8 million | $7.3 million | Iowa Savings Bank |
| The Steele State Bank | Cherokee | January 25, 1985 | $21.9 million | $20.6 million | $3.3 million | Valley BANK&TRUST |
| Oakland Savings Bank | Oakland | September 7, 1984 | $22.1 million | $19.9 million | $6.6 million | Oakland State Bank |
| The Tingley State Savings Bank | Mount Ayr | August 10, 1984 | $19.4 million | $18.5 million | $6.3 million | Hawkeye BANK&TRUST |
| The Farmers Nat BK of Aurelia | Aurelia | June 21, 1984 | $19.9 million | $19.1 million | $2 million | Heritage Bank National A |
| Scandia S&LA (assistance) | Des Moines | April 1, 1984 | $65.2 million | $65.9 million | $3.4 million | First Financial S&LA |
| Mutual FS&LA of Mason City (assistance) | Mason City | July 1, 1983 | $118.8 million | $103.7 million | $6.8 million | American FS&LA |
| Mount Pleasant BK & TR Company | Mount Pleasant | August 6, 1982 | $29.4 million | $26.2 million | $32 | Hawkeye BANK&TRUST |
| The First National BK in Humbold | Humboldt | April 2, 1982 | $55.4 million | $47.4 million | Hawkeye BANK&TRUST | |
| Sioux City FS&LA (assistance) | Sioux City | November 1, 1980 | $25.4 million | $18.1 million | United FSB of Iowa | |
| Security S&LA (assistance) | Marion | September 1, 1980 | $54.6 million | $44.3 million | $2 million | Midland Financial S&LA |
| Donahue Savings Bank | Donahue | August 26, 1977 | $5.5 million | $5.1 million | ||
| Cromwell State Savings Bank | Cromwell | October 9, 1974 | $3.5 million | $3.3 million | ||
| First National Bank of Eldora | Eldora | October 5, 1973 | $8.1 million | $7.5 million | ||
| State Bank of Prairie City | Prairie City | February 22, 1970 | $4.1 million | $3.9 million | ||
| The Sheldon National Bank | Sheldon | January 16, 1961 | $4.4 million | $3.9 million | ||
| MT. Union State Bank | MT. Union | August 24, 1940 | $179,000 | |||
| Russell State Bank & Trust Company | Russell | June 17, 1938 | $217,000 | $185,000 | ||
| Farmers Savings Bank | Ankeny | May 19, 1938 | $186,000 | $163,000 | ||
| Home Savings Bank | Des Moines | March 5, 1938 | $1.2 million | |||
| The First National Bank in Burlington | Burlington | October 20, 1937 | $3.6 million | |||
| Leland Cooperative Bank | Leland | March 31, 1936 | $150,000 | $155,000 |
Other states
- Alabama 39
- Alaska 13
- Arizona 44
- Arkansas 45
- California 265
- Colorado 103
- Connecticut 48
- Delaware 4
- District of Columbia 8
- Florida 199
- Georgia 135
- Guam 1
- Hawaii 6
- Idaho 8
- Illinois 229
- Indiana 52
- Kansas 124
- Kentucky 47
- Louisiana 167
- Maine 6
- Maryland 36
- Massachusetts 59
- Michigan 46
- Minnesota 81
- Mississippi 38
- Missouri 136
- Montana 19
- Nebraska 54
- Nevada 17
- New Hampshire 20
- New Jersey 112
- New Mexico 32
- New York 104
- North Carolina 30
- North Dakota 43
- Ohio 61
- Oklahoma 183
- Oregon 38
- Pennsylvania 73
- Puerto Rico 17
- Rhode Island 7
- South Carolina 23
- South Dakota 44
- Tennessee 80
- Texas 911
- U.S. Virgin Islands 1
- Utah 30
- Vermont 5
- Virginia 54
- Washington 38
- West Virginia 19
- Wisconsin 51
- Wyoming 29
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.