Chase Bank Closure on October 13 Due to Special Reasons
Chase Bank will be closed on October 13, 2025, due to the Columbus Day holiday, so in-person transactions should be planned accordingly, but ATMs and online banking will still be available.
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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.
Sac City Bank Declared Insolvent, Deposits Transferred to Another Iowa Bank
Iowa Trust & Savings Bank in Emmetsburg, Iowa, has assumed all of the deposits of Citizens Bank in Sac City, Iowa, after the latter was closed by the Iowa Division of Banking. The FDIC has been appointed as the receiver and entered into a Purchase and Assumption Agreement with Iowa Trust & Savings Bank to protect depositors. The two branches of Citizens Bank will reopen as branches of Iowa Trust & Savings Bank, and depositors can access their money through checks, ATMs, or debit cards. Customers do not need to change their banking relationship to retain deposit insurance coverage. The FDIC estimates the cost to the Deposit Insurance Fund will be $14.8 million.