# PIONEER FS&LA IN MASON CITY

> **Failed bank** · MASON CITY, IA · failed 1988-08-26 · SL · FDIC cost $141M

## What happened

PIONEER FS&LA IN MASON CITY of MASON CITY, IA was closed by state regulators on **1988-08-26**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **PIONEER FS&LA** (MASON CITY, IA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1883
- **FDIC Certificate:** 29500
- **FDIC FIN:** 1741
- **Bank name:** PIONEER FS&LA IN MASON CITY
- **Location:** MASON CITY, IA
- **Failure date:** 1988-08-26
- **FDIC resolution date:** 1988-08-26
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $141M
- **Deposits at failure:** $310M
- **Assets at failure:** $314M
- **Acquiring bank:** PIONEER FS&LA (MASON CITY, IA)

## Other banks PIONEER FS&LA has acquired in FDIC resolutions

- WASHINGTON FSB OF STILLWATER (STILLWATER, MN) — failed 1988-08-26 — /failed-bank/1882

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PIONEER%20FS%26LA%20IN%20MASON%20CITY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PIONEER FS&LA IN MASON CITY (FDIC ID 1883), failed 1988-08-26. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1883.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*