FARMERS & MERCHANTS ST BK OF LAMBERTON Failed 1986

LAMBERTON, MN · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

FARMERS & MERCHANTS ST BK OF LAMBERTON of LAMBERTON, MN was closed on 1986-03-14. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to AMERICAN BANK MANKATO (MANKATO, MN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1157
FDIC Certificate
1405
FDIC FIN
6667
Bank name
FARMERS & MERCHANTS ST BK OF LAMBERTON
Location
LAMBERTON, MN
Failure date
1986-03-14
FDIC resolution date
1986-03-14
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Insured Deposit Transfer — insured deposits transferred to another bank
FDIC DIF cost (est.)
$4M
Deposits at failure
$16M
Assets at failure
$17M
Acquiring bank
AMERICAN BANK MANKATO (MANKATO, MN)