Data / Bank failures / 1993 / Valley National Bank of Fremont
Valley National Bank of Fremont, Hamburg, IA: failed April 29, 1993
Valley National Bank of Fremont in Hamburg, Iowa, failed on April 29, 1993. Decatur County State Ban of Leon, IA, took over its deposits. It held $7 million in assets and $6.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $164,766 (2.4% of its assets). By assets it was the 50th largest of 50 banks closed or assisted in 1993.
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The FDIC's record
- Closed
- April 29, 1993
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Decatur County State Ban, Leon, IA
- Total assets
- $6,952,000
- Total deposits
- $6,809,000
- Estimated cost to the FDIC
- $164,766 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 14787
Other bank failures in Iowa, 1991 to 1995
| 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 |
All bank failures in 1993 · 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.