Unclaimed Savings Accounts, IRAs and CDs at FDIC Insured Banks

Polk County Bank - Johnston, IA

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Lost bank account, lost safe deposit box and missing CD search - Polk County Bank Iowa

November 18, 2011: Polk County Bank, Johnston, IA was closed by the Iowa Division of Banking. The Federal Deposit Insurance Corporation was named receiver.

Successor Bank: All deposit accounts, including brokered deposits, have been transferred to Grinnell State Bank, Grinnell, IA

Grinnell State Bank
814 Fourth Avenue
Grinnell, IA 50112

History:

Est. in 1903 as Polk City Savings Bank
Changed name to Polk County Bank

Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage.

It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.

For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed IRA, CD and Savings Account Search

 

 

 

2011 FDIC Insured Failed Banks
 
 
 
 
Polk County Bank
5601 Merle Hay Road
Johnston, IA 50131

 
 

Established
as
Polk City Savings Bank
 

 
 
 
 
Cost to FDIC: $12 million

 

 
 

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