STOCKHOLM STATE BANK Failed 1986

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

What happened

STOCKHOLM STATE BANK of STOCKHOLM, SD was closed on 1986-03-27. The FDIC was named receiver.

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

Deposits were transferred to COMMUNITY STB OF STOCKHO (STOCKHOLM, SD). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1164
FDIC Certificate
9951
FDIC FIN
2544
Bank name
STOCKHOLM STATE BANK
Location
STOCKHOLM, SD
Failure date
1986-03-27
FDIC resolution date
1986-03-27
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$1M
Deposits at failure
$7M
Assets at failure
$7M
Acquiring bank
COMMUNITY STB OF STOCKHO (STOCKHOLM, SD)