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FDIC takes over failing Iowa bank

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The Federal Deposit Insurance Corp. took over a failing Iowa bank.

The institution is Citizens Bank of Sac City.

Iowa Trust and Savings Bank reached a deal to take over Citizens' assets.

Read more from KCRG.

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jeffmunzinger

Great Southern already has 18 Iowa locations, some along the same east-west corridor as Sac City. Perhaps this will become an acquisition by Great Southern, which previously. has absorbed failed banks in other locations.

Wednesday, November 8, 2023
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