# MIDAMERICA SB

> **Failed bank** · WATERLOO, IA · failed 1988-12-12 · SL · FDIC cost $14M

## What happened

MIDAMERICA SB of WATERLOO, IA was closed by state regulators on **1988-12-12**. The FDIC was named receiver.

**Resolution:** A/A

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


## Key facts

- **FDIC ID:** 2001
- **FDIC Certificate:** 30082
- **FDIC FIN:** 1765
- **Bank name:** MIDAMERICA SB
- **Location:** WATERLOO, IA
- **Failure date:** 1988-12-12
- **FDIC resolution date:** 1988-12-12
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $14M
- **Deposits at failure:** $232M
- **Assets at failure:** $244M
- **Acquiring bank:** MIDAMERICA SAVINGS BANK (WATERLOO, IA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MIDAMERICA SB (FDIC ID 2001), failed 1988-12-12. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/2001.

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