# TODD COUNTY STATE BANK

> **Failed bank** · LONG PRAIRIE, MN · failed 1987-05-14 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

TODD COUNTY STATE BANK of LONG PRAIRIE, MN was closed by regulators on **1987-05-14**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST NB OF LONG PRAIRIE** (LONG PRAIRIE, MN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1435
- **FDIC Certificate:** 16684
- **FDIC FIN:** 2687
- **Bank name:** TODD COUNTY STATE BANK
- **Location:** LONG PRAIRIE, MN
- **Failure date:** 1987-05-14
- **FDIC resolution date:** 1987-05-14
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $15M
- **Assets at failure:** $15M
- **Acquiring bank:** FIRST NB OF LONG PRAIRIE (LONG PRAIRIE, MN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=TODD%20COUNTY%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TODD COUNTY STATE BANK (FDIC ID 1435), failed 1987-05-14. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1435.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*