# COMMERCIAL STATE BANK

> **Failed bank** · AFTON, IA · failed 1985-03-08 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

COMMERCIAL STATE BANK of AFTON, IA was closed by regulators on **1985-03-08**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 966
- **FDIC Certificate:** 949
- **FDIC FIN:** 2448
- **Bank name:** COMMERCIAL STATE BANK
- **Location:** AFTON, IA
- **Failure date:** 1985-03-08
- **FDIC resolution date:** 1985-03-08
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $16M
- **Assets at failure:** $16M
- **Acquiring bank:** CITIZENS SAVINGS BANK (AFTON, IA)

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

- NEW ENGLAND SAVINGS BANK (NEW LONDON, CT) — failed 1993-05-21 — /failed-bank/3455
- FIRST NATIONAL BANK OF TIPTON (TIPTON, IA) — failed 1986-02-14 — /failed-bank/1145

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMERCIAL STATE BANK (FDIC ID 966), failed 1985-03-08. Retrieved via AI Analytics 2026-07-04 from https://api.ai-analytics.org/failed-bank/966.

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