Important Information for Former Customers of Citizens Bank in Sac City

Citizens Bank, a 94-year-old establishment in Sac City, Iowa, has closed due to significant out-of-state loan losses. The FDIC has assumed all deposits and most assets of the bank, which will be operated by Iowa Trust & Savings Bank. Customers' money is safe, with all deposits transferred to the new bank, and access to funds, direct deposits, and online banking will continue as normal. This is the first bank closure in Iowa since 2011.