Federation Bank is a bank based in Washington, Iowa, established in 1906, with $151 million in total assets across 4 branches. By Trust Grade it ranks 112th of 226 banks we track in Iowa. Its capital ratio of 9.7% trails most similarly sized banks (42th percentile), versus a Iowa median of 10.2%. It was profitable over the most recent period, with a 2.09% return on assets. No consumer complaints against Federation Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Federation Bank compares to Iowa peers
How we graded Federation Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (9.7% capital ratio)
- Strongly profitable (ROA 2.09%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Federation Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (4)
- 801 6th Street, Wellman, IA 52356
- 107 S Richland St, Richland, IA 52585
- 112 E Washington St, Brighton, IA 52540
- 300 S Iowa Ave, Washington, IA 52353
Are deposits at Federation Bank insured?
Yes. Federation Bank is an FDIC-insured bank (FDIC certificate #14352). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Federation Bank: frequently asked questions
Is Federation Bank a good bank?
Federation Bank earns a Bankzia Trust Grade of A (97/100, "Excellent"), based on a financial-strength score of 97/100 (it has no CFPB complaints on record). Strongly capitalized (9.7% capital ratio); Strongly profitable (ROA 2.09%).
Is Federation Bank FDIC-insured?
Yes. Federation Bank is a FDIC-insured bank (FDIC certificate #14352). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Federation Bank?
Federation Bank holds $151 million in total assets, ranking 112th of 226 banks we track in Iowa. It operates 4 branches.
Does Federation Bank have CFPB complaints?
No CFPB complaints against Federation Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
