# THE FIRST NATIONAL BANK OF BLOOMING PRAIRI

> **Failed bank** · BLOOMING PRAIRIE, MN · failed 1988-07-21 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

THE FIRST NATIONAL BANK OF BLOOMING PRAIRI of BLOOMING PRAIRIE, MN was closed by the OCC on **1988-07-21**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST AMN BK BLOOMING PR** (BLOOMING PRAIRIE, MN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1796
- **FDIC Certificate:** 5096
- **FDIC FIN:** 2844
- **Bank name:** THE FIRST NATIONAL BANK OF BLOOMING PRAIRI
- **Location:** BLOOMING PRAIRIE, MN
- **Failure date:** 1988-07-21
- **FDIC resolution date:** 1988-07-21
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $20M
- **Assets at failure:** $20M
- **Acquiring bank:** FIRST AMN BK BLOOMING PR (BLOOMING PRAIRIE, MN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20FIRST%20NATIONAL%20BANK%20OF%20BLOOMING%20PRAIRI

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST NATIONAL BANK OF BLOOMING PRAIRI (FDIC ID 1796), failed 1988-07-21. Retrieved via AI Analytics 2026-05-24 from https://api.ai-analytics.org/failed-bank/1796.

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