# FIRST FSB OF SOUTH DAKOTA

> **Failed bank** · RAPID CITY, SD · failed 1992-04-24 · Savings bank · FDIC cost $24M

## What happened

FIRST FSB OF SOUTH DAKOTA of RAPID CITY, SD was closed by state regulators on **1992-04-24**. The FDIC was named receiver.

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

Deposits were transferred to **METROPOLITAN FB, FSB** (FARGO, ND). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3314
- **FDIC Certificate:** 27853
- **FDIC FIN:** 1213
- **Bank name:** FIRST FSB OF SOUTH DAKOTA
- **Location:** RAPID CITY, SD
- **Failure date:** 1992-04-24
- **FDIC resolution date:** 1992-04-24
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $24M
- **Deposits at failure:** $170M
- **Assets at failure:** $156M
- **Acquiring bank:** METROPOLITAN FB, FSB (FARGO, ND)

## Other banks METROPOLITAN FB, FSB has acquired in FDIC resolutions

- FIRST SAVINGS ASSOC. (BISMARK, ND) — failed 1990-01-26 — /failed-bank/2631

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FSB OF SOUTH DAKOTA (FDIC ID 3314), failed 1992-04-24. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3314.

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