# MINEOLA STATE BANK

> **Failed bank** · MINEOLA, IA · failed 1985-08-06 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $0M

## What happened

MINEOLA STATE BANK of MINEOLA, IA was closed by regulators on **1985-08-06**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **GLENWOOD STATE BANK** (GLENWOOD, IA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1045
- **FDIC Certificate:** 14180
- **FDIC FIN:** 2489
- **Bank name:** MINEOLA STATE BANK
- **Location:** MINEOLA, IA
- **Failure date:** 1985-08-06
- **FDIC resolution date:** 1985-08-06
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $5M
- **Assets at failure:** $5M
- **Acquiring bank:** GLENWOOD STATE BANK (GLENWOOD, IA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MINEOLA%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MINEOLA STATE BANK (FDIC ID 1045), failed 1985-08-06. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1045.

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