# SUN FEDERAL SAVINGS ASSOC.

> **Failed bank** · FORT DODGE, IA · failed 1990-03-16 · SL · FDIC cost $2M

## What happened

SUN FEDERAL SAVINGS ASSOC. of FORT DODGE, IA was closed by state regulators on **1990-03-16**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 2706
- **FDIC Certificate:** 31547
- **FDIC FIN:** 7110
- **Bank name:** SUN FEDERAL SAVINGS ASSOC.
- **Location:** FORT DODGE, IA
- **Failure date:** 1990-03-16
- **FDIC resolution date:** 1990-06-28
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $19M
- **Assets at failure:** $24M
- **Acquiring bank:** IDA COUNTY STATE BANK (IDA GROVE, IA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SUN FEDERAL SAVINGS ASSOC. (FDIC ID 2706), failed 1990-03-16. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2706.

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