# FARMERS & MERCHANTS ST BK OF LAMBERTON

> **Failed bank** · LAMBERTON, MN · failed 1986-03-14 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

FARMERS & MERCHANTS ST BK OF LAMBERTON of LAMBERTON, MN was closed by regulators 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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $16M
- **Assets at failure:** $17M
- **Acquiring bank:** AMERICAN BANK MANKATO (MANKATO, MN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FARMERS%20%26%20MERCHANTS%20ST%20BK%20OF%20LAMBERTON

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FARMERS & MERCHANTS ST BK OF LAMBERTON (FDIC ID 1157), failed 1986-03-14. Retrieved via AI Analytics 2026-07-10 from https://api.ai-analytics.org/failed-bank/1157.

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