MARSHALL COUNTY BANK Failed 1988
What happened
MARSHALL COUNTY BANK of BRITTON, SD was closed on 1988-08-19. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST NATIONAL BANK (BERESFORD, SD). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1871
- FDIC Certificate
- 497
- FDIC FIN
- 5943
- Bank name
- MARSHALL COUNTY BANK
- Location
- BRITTON, SD
- Failure date
- 1988-08-19
- FDIC resolution date
- 1988-08-19
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $9M
- Assets at failure
- $11M
- Acquiring bank
- FIRST NATIONAL BANK (BERESFORD, SD)
Other banks FIRST NATIONAL BANK acquired in FDIC resolutions