# FARMERS STATE BANK OF ROUND LAKE

> **Failed bank** · ROUND LAKE, MN · failed 1985-08-02 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $7M

## What happened

FARMERS STATE BANK OF ROUND LAKE of ROUND LAKE, MN was closed by regulators on **1985-08-02**. The FDIC was named receiver.

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

Deposits were transferred to **FARMERS STB OF MOUNTAIN** (MOUNTAIN LAKE, MN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1042
- **FDIC Certificate:** 10970
- **FDIC FIN:** 2486
- **Bank name:** FARMERS STATE BANK OF ROUND LAKE
- **Location:** ROUND LAKE, MN
- **Failure date:** 1985-08-02
- **FDIC resolution date:** 1985-08-02
- **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:** $7M
- **Deposits at failure:** $21M
- **Assets at failure:** $23M
- **Acquiring bank:** FARMERS STB OF MOUNTAIN (MOUNTAIN LAKE, MN)

## Other banks FARMERS STB OF MOUNTAIN has acquired in FDIC resolutions

- FIRST NATIONAL BANK OF WILMONT (WILMONT, MN) — failed 1987-05-29 — /failed-bank/1443

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FARMERS%20STATE%20BANK%20OF%20ROUND%20LAKE

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FARMERS STATE BANK OF ROUND LAKE (FDIC ID 1042), failed 1985-08-02. Retrieved via AI Analytics 2026-07-12 from https://api.ai-analytics.org/failed-bank/1042.

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