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Polk County Bank, Iowa, Closed By Regulators

November 18, 2011 By Problem Bank List Staff Leave a Comment

Polk County Bank, Johnston, Iowa, was closed today by state regulators who appointed the FDIC as receiver.   All deposits of failed Polk County Bank were assumed by Grinnell State Bank of Grinnell, Iowa, under a purchase and assumption agreement with the FDIC. Polk County Bank has a long history, having opened for business in 1903.  The […]

Filed Under: Bank Failure, Banking News, Failed Banks, FDIC, featured, problem banks Tagged With: banking failure, failed bank, Grinnell State Bank, Polk County Bank, problem bank

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