# THE AMERICAN STATE BANK

> **Failed bank** · YANKTON, SD · failed 1988-05-18 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $0M

## What happened

THE AMERICAN STATE BANK of YANKTON, SD was closed by regulators 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
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $59M
- **Assets at failure:** $62M
- **Acquiring bank:** FIRST DAKOTA NATIONAL BANK (YANKTON, SD)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE AMERICAN STATE BANK (FDIC ID 1750), failed 1988-05-18. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/failed-bank/1750.

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