# STATE BANK OF GREENWALD

> **Failed bank** · GREENWALD, MN · failed 1987-10-02 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

STATE BANK OF GREENWALD of GREENWALD, MN was closed by regulators on **1987-10-02**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **RURAL AMERICAN BK GREENW** (GREENWALD, MN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1531
- **FDIC Certificate:** 12185
- **FDIC FIN:** 5909
- **Bank name:** STATE BANK OF GREENWALD
- **Location:** GREENWALD, MN
- **Failure date:** 1987-10-02
- **FDIC resolution date:** 1987-10-02
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $20M
- **Assets at failure:** $23M
- **Acquiring bank:** RURAL AMERICAN BK GREENW (GREENWALD, MN)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, STATE BANK OF GREENWALD (FDIC ID 1531), failed 1987-10-02. Retrieved via AI Analytics 2026-07-18 from https://api.ai-analytics.org/failed-bank/1531.

---

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