Data / Bank failures / 1990 / Sun Federal Savings Assoc.
Sun Federal Savings Assoc., Fort Dodge, IA: failed March 16, 1990
Sun Federal Savings Assoc. in Fort Dodge, Iowa, failed on March 16, 1990. Ida County State Bank of Ida Grove, IA, took over its deposits. It held $24.3 million in assets and $19 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.8 million (7.5% of its assets). By assets it was the 295th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- March 16, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Ida County State Bank, Ida Grove, IA
- Total assets
- $24,299,000
- Total deposits
- $18,967,000
- Estimated cost to the FDIC
- $1,831,965 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 31547
Other bank failures in Iowa, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 | |
| 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 |
All bank failures in 1990 · 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.