TRI-STATE NATIONAL BANK Failed 1987

What happened

TRI-STATE NATIONAL BANK of BELLE FOURCHE, SD was closed on 1987-11-10. The FDIC was named receiver.

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

Deposits were transferred to FIRST WESTERN BANK STURG (STURGIS, SD). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1553

FDIC Certificate

22945

FDIC FIN

5916

Bank name

TRI-STATE NATIONAL BANK

Location

BELLE FOURCHE, SD

Failure date

1987-11-10

FDIC resolution date

1987-11-10

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

$11M

Assets at failure

$11M

Acquiring bank

FIRST WESTERN BANK STURG (STURGIS, SD)