THE AMERICAN STATE BANK Failed 1988

YANKTON, SD · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE AMERICAN STATE BANK of YANKTON, SD was closed on 1988-05-18. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to FIRST DAKOTA NATIONAL BANK (YANKTON, SD). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1750
FDIC Certificate
6086
FDIC FIN
1955
Bank name
THE AMERICAN STATE BANK
Location
YANKTON, SD
Failure date
1988-05-18
FDIC resolution date
1988-05-18
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
A/A
FDIC DIF cost (est.)
$0M
Deposits at failure
$59M
Assets at failure
$62M
Acquiring bank
FIRST DAKOTA NATIONAL BANK (YANKTON, SD)