Bank BranchesEvery insured bank office · FDIC · 1994–2026

Bank Branches › Iowa › Fayette County › 20 - 1st Avenue, N.E.

Full-service office · FDIC office no. 41827

Magna Bank
20 - 1st Avenue, N.E., Oelwein, IA 50662

Last reported 1997

$364K
peak deposits
1934
established
—
rank in county
3
names on the sign

This office filed its last FDIC deposit report in 1997. It is missing from every report since, which usually means it closed. The FDIC record doesn't give a reason. Fayette County has 14 offices open today, listed below.

This office's passbook1994–1997
DateBank on the signDepositsChange
Jun 30 2026NOT REPORTED missing from the 2026 report (and every year since 1998)
Jun 30 1997Magna BankNEW NAME$364K+231%
Jun 30 1996Homeland Bank$110K−15%
Jun 30 1995Homeland BankNEW NAME$129K−26%
Jun 30 1994Oelwein State Bank$174K
1934-06-01Office established (FDIC record) — 60 years before this passbook begins

All banks in Fayette County →
Every Magna Bank office →
What became of Magna Bank →

Names on the sign

1994–1994Oelwein State Bank1995–1996Homeland Bank1997–1997Magna Bank

The FDIC office number stays with the building when banks merge or rename, so the same office appears under each owner. Follow an earlier name to see what became of that bank.

Deposits are the balances the bank assigned to this office on June 30 of each year, in nominal dollars. Source: FDIC Summary of Deposits, office (UNINUMBR) 41827.