Commercial State Bank

Status:Inactive as of 03/08/1985
 Absorption - Assisted
Successor Bank:Citizens Savings Bank
Headquarters:Commercial State Bank
100 East Railroad Street
Afton, IA 50830
Established:05/21/1927
FDIC Insurance:01/01/1934
FDIC Cert:#949
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$16,260,000
Total Deposits:$15,561,000

History

1927-05-21Institution established: Original name:Commercial State Bank
1985-03-08Failed. Acquired with government financial assistance and subsequently operated as part of Citizens Savings Bank (25921)
1985-03-08Institution established: Original name:Citizens Savings Bank (25921)
1987-10-01Merged into and subsequently operated as part of The First National Bank in Creston (4444) in CRESTON, IA
2020-04-18Acquired Century Bank (14051) in SHENANDOAH, IA