The Steele State Bank

Status:Inactive as of 01/25/1985
 Absorption - Assisted
Successor Bank:Valley Bank & Trust
Headquarters:The Steele State Bank
200 South 2nd Street
Cherokee, IA 51012
Established:01/01/1874
FDIC Insurance:01/23/1958
FDIC Cert:#17833
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$21,891,000
Total Deposits:$20,586,000

History

1874-01-01Institution established: Original name:The Steele State Bank
1985-01-25Failed. Acquired with government financial assistance and subsequently operated as part of Valley Bank & Trust (25866)
1985-01-25Institution established: Original name:Valley Bank & Trust (25866)
2011-10-01Merged into and subsequently operated as part of State Savings Bank (14773) in CRESTON, IA