# COMMUNITY STATE BANK

> **Failed bank** · WHITING, IA · failed 1988-06-02 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

COMMUNITY STATE BANK of WHITING, IA was closed by regulators on **1988-06-02**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 1764
- **FDIC Certificate:** 17153
- **FDIC FIN:** 2822
- **Bank name:** COMMUNITY STATE BANK
- **Location:** WHITING, IA
- **Failure date:** 1988-06-02
- **FDIC resolution date:** 1988-06-02
- **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:** $1M
- **Deposits at failure:** $5M
- **Assets at failure:** $5M
- **Acquiring bank:** SLOAN STATE BANK (SLOAN, IA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMUNITY STATE BANK (FDIC ID 1764), failed 1988-06-02. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/failed-bank/1764.

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