# AREDALE STATE BANK

> **Failed bank** · AREDALE, IA · failed 1988-01-20 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $0M

## What happened

AREDALE STATE BANK of AREDALE, IA was closed by regulators on **1988-01-20**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST SECURITY BANK&TRUS** (CHARLES CITY, IA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1603
- **FDIC Certificate:** 14376
- **FDIC FIN:** 2772
- **Bank name:** AREDALE STATE BANK
- **Location:** AREDALE, IA
- **Failure date:** 1988-01-20
- **FDIC resolution date:** 1988-01-20
- **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:** $9M
- **Assets at failure:** $10M
- **Acquiring bank:** FIRST SECURITY BANK&TRUS (CHARLES CITY, IA)

## Other banks FIRST SECURITY BANK&TRUS has acquired in FDIC resolutions

- THE FIRST STATE BANK (ROCKFORD, IA) — failed 1987-03-04 — /failed-bank/1376

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AREDALE STATE BANK (FDIC ID 1603), failed 1988-01-20. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1603.

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