# FIRST NATIONAL BANK IN WEST CONCORD

> **Failed bank** · WEST CONCORD, MN · failed 1987-03-05 · National commercial bank (OCC-chartered) · FDIC cost $1M

## What happened

FIRST NATIONAL BANK IN WEST CONCORD of WEST CONCORD, MN was closed by the OCC on **1987-03-05**. The FDIC was named receiver.

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

Deposits were transferred to **FARMERS STB OF WEST CONC** (WEST CONCORD, MN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1377
- **FDIC Certificate:** 14426
- **FDIC FIN:** 5821
- **Bank name:** FIRST NATIONAL BANK IN WEST CONCORD
- **Location:** WEST CONCORD, MN
- **Failure date:** 1987-03-05
- **FDIC resolution date:** 1987-03-05
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $9M
- **Assets at failure:** $9M
- **Acquiring bank:** FARMERS STB OF WEST CONC (WEST CONCORD, MN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20NATIONAL%20BANK%20IN%20WEST%20CONCORD

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NATIONAL BANK IN WEST CONCORD (FDIC ID 1377), failed 1987-03-05. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1377.

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