Federation Bank
✓ FDIC-insured · Active FDIC Certificate #14352
Federation Bank is an FDIC-insured state-chartered bank that is not a Federal Reserve member (supervised by the FDIC), headquartered in Washington, Iowa, established in 1906. As of the 06/30/2026 FDIC call report, it reported $156M in total assets and $134M in deposits. FDIC location data lists 4 offices in Iowa. The FDIC classifies it as a community bank. It is owned by the holding company WASHINGTON BCORP (Washington, IA).
Financial data as of the 06/30/2026 FDIC call report.
Where it operates
All 4 of Federation Bank's FDIC-listed offices are in Iowa. Browse banks in Washington for other local options.
Branch locations
| Federation Bank Wellman Branch · Full Service - Brick And Mortar | 801 6th Street Wellman, IA 52356 Map ↗ |
| Federation Bank Richland Branch · Full Service - Brick And Mortar | 107 S Richland St Richland, IA 52585 Map ↗ |
| Federation Bank Brighton Branch · Full Service - Brick And Mortar | 112 E Washington St Brighton, IA 52540 Map ↗ |
| Federation Bank Federation Bank · Full Service - Brick And Mortar | 300 S Iowa Ave Washington, IA 52353 Map ↗ |
Holding company: WASHINGTON BCORP
The FDIC lists WASHINGTON BCORP, based in Washington, IA, as the top holding company for Federation Bank. The FDIC shows no other active insured banks under the same holding company.
Similar-size banks in Iowa
Active FDIC-insured banks headquartered in Iowa with total assets closest to Federation Bank's $156M. See all banks in Iowa.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| Farmers and Merchants State Bank | Winterset | $272M | 5 |
| Cherokee State Bank | Cherokee | $271M | 2 |
| Mediapolis Savings Bank | Mediapolis | $270M | 5 |
| Freedom Financial Bank | West Des Moines | $269M | 2 |
| Westside State Bank | Westside | $269M | 6 |
| Security Trust & Savings Bank | Storm Lake | $266M | 3 |
| The Citizens First National Bank of Storm Lake | Storm Lake | $256M | 3 |
| Heartland Bank | Somers | $256M | 5 |
Federation Bank: common questions
Is Federation Bank FDIC-insured?
Yes. Federation Bank is an active FDIC-insured institution, FDIC Certificate #14352. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is Federation Bank headquartered?
Federation Bank is headquartered at 300 S Iowa Ave, Washington, IA 52353, according to FDIC records.
How many branches does Federation Bank have?
FDIC location data lists 4 offices for Federation Bank, all in Iowa.
Who owns Federation Bank?
The FDIC lists WASHINGTON BCORP of Washington, IA as the top holding company for Federation Bank.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.