FIRST NATIONAL BANK OF STEWARTVILLE Failed 1986
What happened
FIRST NATIONAL BANK OF STEWARTVILLE of STEWARTVILLE, MN was closed on 1986-12-04. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MARQUETTE BANK ROCHESTER (ROCHESTER, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1315
- FDIC Certificate
- 5258
- FDIC FIN
- 2623
- Bank name
- FIRST NATIONAL BANK OF STEWARTVILLE
- Location
- STEWARTVILLE, MN
- Failure date
- 1986-12-04
- FDIC resolution date
- 1986-12-04
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $18M
- Assets at failure
- $18M
- Acquiring bank
- MARQUETTE BANK ROCHESTER (ROCHESTER, MN)