FIRST FS & LA OF THIEF RIVER FALLS Failed 1991

What happened

FIRST FS & LA OF THIEF RIVER FALLS of THIEF RIVER FALLS, MN was closed on 1991-08-09. The FDIC was named receiver.

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

Deposits were transferred to NO. STATE BK OF THIEF RIV. (THIEF RIVER FALL, MN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3161

FDIC Certificate

29041

FDIC FIN

7396

Bank name

FIRST FS & LA OF THIEF RIVER FALLS

Location

THIEF RIVER FALLS, MN

Failure date

1991-08-09

FDIC resolution date

1991-08-09

Charter type

SL

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$3M

Deposits at failure

$56M

Assets at failure

$55M

Acquiring bank

NO. STATE BK OF THIEF RIV. (THIEF RIVER FALL, MN)