# SWIFT COUNTY BANK

> **Failed bank** · BENSON, MN · failed 1985-06-14 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $8M

## What happened

SWIFT COUNTY BANK of BENSON, MN was closed by regulators on **1985-06-14**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST SECURITY STB SLEEP** (SLEEPY EYE, MN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1010
- **FDIC Certificate:** 1602
- **FDIC FIN:** 2472
- **Bank name:** SWIFT COUNTY BANK
- **Location:** BENSON, MN
- **Failure date:** 1985-06-14
- **FDIC resolution date:** 1985-06-14
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $8M
- **Deposits at failure:** $38M
- **Assets at failure:** $42M
- **Acquiring bank:** FIRST SECURITY STB SLEEP (SLEEPY EYE, MN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SWIFT%20COUNTY%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SWIFT COUNTY BANK (FDIC ID 1010), failed 1985-06-14. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/1010.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*