# FIRST NATIONAL BANK OF WILMONT

> **Failed bank** · WILMONT, MN · failed 1987-05-29 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

FIRST NATIONAL BANK OF WILMONT of WILMONT, MN was closed by the OCC 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $12M
- **Assets at failure:** $13M
- **Acquiring bank:** FARMERS STB OF MOUNTAIN (MOUNTAIN LAKE, MN)

## Other banks FARMERS STB OF MOUNTAIN has acquired in FDIC resolutions

- FARMERS STATE BANK OF ROUND LAKE (ROUND LAKE, MN) — failed 1985-08-02 — /failed-bank/1042

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NATIONAL BANK OF WILMONT (FDIC ID 1443), failed 1987-05-29. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/1443.

---

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