FIRST STATE BANK OF ROLLINGSTONE Failed 1987
What happened
FIRST STATE BANK OF ROLLINGSTONE of ROLLINGSTONE, MN was closed on 1987-09-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to EASTWOOD BANK ST CHARLES (ST. CHARLES, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1511
- FDIC Certificate
- 9768
- FDIC FIN
- 2725
- Bank name
- FIRST STATE BANK OF ROLLINGSTONE
- Location
- ROLLINGSTONE, MN
- Failure date
- 1987-09-11
- FDIC resolution date
- 1987-09-11
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $14M
- Assets at failure
- $15M
- Acquiring bank
- EASTWOOD BANK ST CHARLES (ST. CHARLES, MN)