Failures by State
Bank Failures in Iowa
67 FDIC-insured banks headquartered in Iowa have failed since 1936. The most recent was Citizens Bank on November 3, 2023. The worst year was 1986, with 11 failures. Failed banks held $4.87B in assets at closing.
67
Failures
1936 to 2023
$4.87B
Failed assets
At closing
$529.5M
Estimated DIF loss
FDIC estimate
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All Iowa events
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Largest bank failures in Iowa
| Date | Bank | Assets |
|---|---|---|
| Feb 9, 1990 | American Federal Savings Assoc. | $910.7M |
| Mar 22, 1991 | United FSA of Iowa | $895.8M |
| Jul 27, 1990 | Statesman Bank for Savings, FSB | $540.4M |
| Sep 4, 2009 | Vantus Bank | $503.6M |
| Feb 21, 1986 | Capitol S&LA | $192.0M |
| Oct 16, 1989 | Banc Iowa Federal Savings Bank | $161.9M |
| Apr 26, 1991 | Home FS & La, F.A. | $134.3M |
| Jan 4, 1990 | First Central Federal Savings Bank | $112.8M |
| Jan 14, 2000 | Hartford-Carlisle SB | $105.0M |
| Nov 18, 2011 | Polk County Bank | $91.6M |
Iowa bank failures by year
| Year | Failures | Failed assets |
|---|---|---|
| 2023 | 1 | $60.4M |
| 2011 | 1 | $91.6M |
| 2009 | 1 | $503.6M |
| 2000 | 1 | $105.0M |
| 1993 | 1 | $7.0M |
| 1991 | 5 | $1.22B |
| 1990 | 4 | $1.59B |
| 1989 | 3 | $284.2M |
| 1988 | 6 | $101.0M |
| 1987 | 6 | $86.2M |
| 1986 | 11 | $477.2M |
| 1985 | 11 | $168.2M |
| 1984 | 3 | $61.4M |
| 1982 | 2 | $84.8M |
| 1977 | 1 | $5.5M |
| 1974 | 1 | $3.5M |
| 1973 | 1 | $8.1M |
| 1970 | 1 | $4.1M |
| 1961 | 1 | $4.4M |
| 1940 | 1 | — |
| 1938 | 3 | $403K |
| 1937 | 1 | — |
| 1936 | 1 | $150K |
Every bank failure in Iowa
| Date | Bank | Assets |
|---|---|---|
| Jan 25, 1985 | The Steele State Bank | $21.9M |
| Sep 7, 1984 | Oakland Savings Bank | $22.1M |
| Aug 10, 1984 | The Tingley State Savings Bank | $19.4M |
| Jun 21, 1984 | The Farmers Nat BK of Aurelia | $19.9M |
| Aug 6, 1982 | Mount Pleasant BK & TR Company | $29.4M |
| Apr 2, 1982 | The First National BK in Humbold | $55.4M |
| Aug 26, 1977 | Donahue Savings Bank | $5.5M |
| Oct 9, 1974 | Cromwell State Savings Bank | $3.5M |
| Oct 5, 1973 | First National Bank of Eldora | $8.1M |
| Feb 22, 1970 | State Bank of Prairie City | $4.1M |
| Jan 16, 1961 | The Sheldon National Bank | $4.4M |
| Aug 24, 1940 | MT. Union State Bank | — |
| Jun 17, 1938 | Russell State Bank & Trust Company | $217K |
| May 19, 1938 | Farmers Savings Bank | $186K |
| Mar 5, 1938 | Home Savings Bank | — |
| Oct 20, 1937 | The First National Bank in Burlington | — |
| Mar 31, 1936 | Leland Cooperative Bank | $150K |
Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.
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