Bank Branches › Closed and merged banks › Iowa › Capitol Savings and Loan Association, A Federal Savings and Loan Associa
What happened to Capitol Savings and Loan Association, A Federal Savings and Loan Associa?
Capitol Savings and Loan Association, A Federal Savings and Loan Associa in Mount Pleasant, IA (earlier called Capitol Savings and Loan Association) failed, and Capitol Savings and Loan Association, A Federal Savings and Loan Associa of Mount Pleasant, IA took it over on Feb 21, 1986. The chain runs 1 step further and ends with no operating bank.
The chain, step by step
From the day it opened to the last entry on record. Each step is one entry in the FDIC's record.
- 1937Capitol Savings and Loan Association opens in Mount Pleasant, IA
- Feb 21, 1986renamed Capitol Savings and Loan Association, A Federal Savings and Loan Associa
- Feb 21, 1986FAILEDCapitol Savings and Loan Association, A Federal Savings and Loan Associa failed, and Capitol Savings and Loan Association, A Federal Savings and Loan Associa of Mount Pleasant, IA took it over.FDIC certificate 29920 ends; its business continues under certificate 32461.
- May 8, 1987FAILEDCapitol Savings and Loan Association, A Federal Savings and Loan Associa (by then renamed Capitol Federal Savings Bank) of Mount Pleasant, IA failed and was closed. No bank took it over; insured depositors were paid directly.FDIC certificate 32461 ends.
- NO SUCCESSOR BANK
The FDIC record ends here. No operating bank carries this charter today.
If you still have something from Capitol Savings and Loan Association, A Federal Savings and Loan Associa
A lien that was never released
Capitol Savings and Loan Association, A Federal Savings and Loan Associa failed on Feb 21, 1986, under the old savings-and-loan insurance fund (FSLIC). The FDIC's lien-release page covers failed banks and savings and loans placed in FDIC receivership; it does not say how releases work for resolutions this old.
Call FDIC Resolution Inquiries at 888-206-4662 (8am–4pm Central, weekdays) and ask whether the FDIC holds this institution's receivership. The FDIC's own instructions are at FDIC, Obtaining a Lien Release.
An old account, passbook or CD
When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, Capitol Savings and Loan Association, A Federal Savings and Loan Associa).
This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.
A safe deposit box
The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. A box abandoned for years may have been turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Banks folded into Capitol Savings and Loan Association, A Federal Savings and Loan Associa
2 banks merged directly into this charter.
| Bank | Ended |
|---|---|
| Fort Madison Savings and Loan AssociationFort Madison, IA | Oct 31, 1981 |
| Muscatine Savings and Loan AssociationMuscatine, IA | Jul 31, 1976 |
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 29920 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.