# CAPITOL S&LA

> **Failed bank** · MOUNT PLEASANT, IA · failed 1986-02-21 · SL · FDIC cost $99M

## What happened

CAPITOL S&LA of MOUNT PLEASANT, IA was closed by state regulators on **1986-02-21**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **MIDWEST FS&LA OF MINNEAPOLI** (MINNEAPOLIS, MN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1152
- **FDIC Certificate:** 29920
- **FDIC FIN:** 7574
- **Bank name:** CAPITOL S&LA
- **Location:** MOUNT PLEASANT, IA
- **Failure date:** 1986-02-21
- **FDIC resolution date:** 1987-05-08
- **Charter type:** SL
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $99M
- **Deposits at failure:** $181M
- **Assets at failure:** $192M
- **Acquiring bank:** MIDWEST FS&LA OF MINNEAPOLI (MINNEAPOLIS, MN)

## Other banks MIDWEST FS&LA OF MINNEAPOLI has acquired in FDIC resolutions

- UNITED FS&LA (DURANT, OK) — failed 1987-06-29 — /failed-bank/1461
- INVESTORS FEDERAL BANK (EL RENO, OK) — failed 1987-06-18 — /failed-bank/1455
- RAMONA  S&LA (FILLMORE, CA) — failed 1986-09-12 — /failed-bank/1274

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CAPITOL%20S%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CAPITOL S&LA (FDIC ID 1152), failed 1986-02-21. Retrieved via AI Analytics 2026-07-01 from https://api.ai-analytics.org/failed-bank/1152.

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