# WASHINGTON FSB OF STILLWATER

> **Failed bank** · STILLWATER, MN · failed 1988-08-26 · Savings bank · FDIC cost $165M

## What happened

WASHINGTON FSB OF STILLWATER of STILLWATER, MN was closed by state regulators on **1988-08-26**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **PIONEER FS&LA** (MASON CITY, IA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1882
- **FDIC Certificate:** 27854
- **FDIC FIN:** 1741
- **Bank name:** WASHINGTON FSB OF STILLWATER
- **Location:** STILLWATER, MN
- **Failure date:** 1988-08-26
- **FDIC resolution date:** 1988-08-26
- **Charter type:** Savings bank
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $165M
- **Deposits at failure:** $319M
- **Assets at failure:** $296M
- **Acquiring bank:** PIONEER FS&LA (MASON CITY, IA)

## Other banks PIONEER FS&LA has acquired in FDIC resolutions

- PIONEER FS&LA IN MASON CITY (MASON CITY, IA) — failed 1988-08-26 — /failed-bank/1883

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=WASHINGTON%20FSB%20OF%20STILLWATER

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WASHINGTON FSB OF STILLWATER (FDIC ID 1882), failed 1988-08-26. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1882.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*