# FARMERS STATE BANK OF KANARANZI

> **Failed bank** · KANARANZI, MN · failed 1985-10-18 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

FARMERS STATE BANK OF KANARANZI of KANARANZI, MN was closed by regulators on **1985-10-18**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 1085
- **FDIC Certificate:** 12189
- **FDIC FIN:** 2508
- **Bank name:** FARMERS STATE BANK OF KANARANZI
- **Location:** KANARANZI, MN
- **Failure date:** 1985-10-18
- **FDIC resolution date:** 1985-10-18
- **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:** $1M
- **Deposits at failure:** $4M
- **Assets at failure:** $4M
- **Acquiring bank:** CITIZENS STB OF SILVER L (SILVER LAKE, MN)

## Other banks CITIZENS STB OF SILVER L has acquired in FDIC resolutions

- BEAVER CREEK STATE BANK (BEAVER CREEK, MN) — failed 1987-03-13 — /failed-bank/1386

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FARMERS STATE BANK OF KANARANZI (FDIC ID 1085), failed 1985-10-18. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1085.

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