FIRST NATIONAL BANK OF WILMONT Failed 1987
What happened
FIRST NATIONAL BANK OF WILMONT of WILMONT, MN was closed on 1987-05-29. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FARMERS STB OF MOUNTAIN (MOUNTAIN LAKE, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1443
- FDIC Certificate
- 5275
- FDIC FIN
- 5868
- Bank name
- FIRST NATIONAL BANK OF WILMONT
- Location
- WILMONT, MN
- Failure date
- 1987-05-29
- FDIC resolution date
- 1987-05-29
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $12M
- Assets at failure
- $13M
- Acquiring bank
- FARMERS STB OF MOUNTAIN (MOUNTAIN LAKE, MN)
Other banks FARMERS STB OF MOUNTAIN acquired in FDIC resolutions