# HAYESVILLE SAVINGS BANK

> **Failed bank** · HAYESVILLE, IA · failed 1988-03-10 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

HAYESVILLE SAVINGS BANK of HAYESVILLE, IA was closed by regulators on **1988-03-10**. The FDIC was named receiver.

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

Deposits were transferred to **FARMERS SAVINGS BANK** (FREMONT, IA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1637
- **FDIC Certificate:** 8100
- **FDIC FIN:** 5932
- **Bank name:** HAYESVILLE SAVINGS BANK
- **Location:** HAYESVILLE, IA
- **Failure date:** 1988-03-10
- **FDIC resolution date:** 1988-03-10
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $37M
- **Assets at failure:** $38M
- **Acquiring bank:** FARMERS SAVINGS BANK (FREMONT, IA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HAYESVILLE SAVINGS BANK (FDIC ID 1637), failed 1988-03-10. Retrieved via AI Analytics 2026-05-24 from https://api.ai-analytics.org/failed-bank/1637.

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