# MUTUAL FS&LA OF MASON CITY

> **Failed bank** · MASON CITY, IA · failed 1983-07-01 · SL · FDIC cost $7M

## What happened

MUTUAL FS&LA OF MASON CITY of MASON CITY, IA was closed by state regulators on **1983-07-01**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **AMERICAN FS&LA** (DES MOINES, IA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 795
- **FDIC Certificate:** 27620
- **FDIC FIN:** 0
- **Bank name:** MUTUAL FS&LA OF MASON CITY
- **Location:** MASON CITY, IA
- **Failure date:** 1983-07-01
- **FDIC resolution date:** 1983-07-01
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $104M
- **Assets at failure:** $119M
- **Acquiring bank:** AMERICAN FS&LA (DES MOINES, IA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MUTUAL FS&LA OF MASON CITY (FDIC ID 795), failed 1983-07-01. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/795.

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