# PISGAH SAVINGS BANK

> **Failed bank** · PISGAH, IA · failed 1988-09-01 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

PISGAH SAVINGS BANK of PISGAH, IA was closed by regulators on **1988-09-01**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 1905
- **FDIC Certificate:** 14483
- **FDIC FIN:** 5945
- **Bank name:** PISGAH SAVINGS BANK
- **Location:** PISGAH, IA
- **Failure date:** 1988-09-01
- **FDIC resolution date:** 1988-09-01
- **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:** $3M
- **Deposits at failure:** $9M
- **Assets at failure:** $10M
- **Acquiring bank:** IOWA SAVINGS BANK (WOODBINE, IA)

## Other banks IOWA SAVINGS BANK has acquired in FDIC resolutions

- FIRST NATIONAL BANK OF WOODBINE (WOODBINE, IA) — failed 1985-02-07 — /failed-bank/959

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PISGAH SAVINGS BANK (FDIC ID 1905), failed 1988-09-01. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/1905.

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