# THE FIRST NATIONAL BANK OF PRAIRIE CITY

> **Failed bank** · PRAIRIE CITY, IA · failed 1986-07-24 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

THE FIRST NATIONAL BANK OF PRAIRIE CITY of PRAIRIE CITY, IA was closed by the OCC on **1986-07-24**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 1237
- **FDIC Certificate:** 4492
- **FDIC FIN:** 2580
- **Bank name:** THE FIRST NATIONAL BANK OF PRAIRIE CITY
- **Location:** PRAIRIE CITY, IA
- **Failure date:** 1986-07-24
- **FDIC resolution date:** 1986-07-24
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $19M
- **Assets at failure:** $19M
- **Acquiring bank:** SECURITY BANK (MARSHALLTOWN, IA)

## Other banks SECURITY BANK has acquired in FDIC resolutions

- HUME BANK (HUME, MO) — failed 2008-03-07 — /failed-bank/3557
- CENTURY FEDERAL SAVINGS BANK (TRENTON, TN) — failed 1989-03-09 — /failed-bank/2187
- FLOWER MOUND BANK (FLOWER MOUND, TX) — failed 1988-03-03 — /failed-bank/1635

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20FIRST%20NATIONAL%20BANK%20OF%20PRAIRIE%20CITY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST NATIONAL BANK OF PRAIRIE CITY (FDIC ID 1237), failed 1986-07-24. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/1237.

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