BEAVER CREEK STATE BANK Failed 1987
What happened
BEAVER CREEK STATE BANK of BEAVER CREEK, MN was closed on 1987-03-13. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to CITIZENS STB OF SILVER L (SILVER LAKE, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1386
- FDIC Certificate
- 8846
- FDIC FIN
- 6828
- Bank name
- BEAVER CREEK STATE BANK
- Location
- BEAVER CREEK, MN
- Failure date
- 1987-03-13
- FDIC resolution date
- 1987-03-13
- 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.)
- $1M
- Deposits at failure
- $7M
- Assets at failure
- $7M
- Acquiring bank
- CITIZENS STB OF SILVER L (SILVER LAKE, MN)
Other banks CITIZENS STB OF SILVER L acquired in FDIC resolutions