# TOWN & COUNTRY BANK OF ALMELUND

> **Failed bank** · ALMELUND, MN · failed 2000-07-14 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

TOWN & COUNTRY BANK OF ALMELUND of ALMELUND, MN was closed by regulators on **2000-07-14**. The FDIC was named receiver.

**Resolution:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to **S&C BANK, MINNESOTA** (ALMELUND, MN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3527
- **FDIC Certificate:** 10985
- **FDIC FIN:** 4643
- **Bank name:** TOWN & COUNTRY BANK OF ALMELUND
- **Location:** ALMELUND, MN
- **Failure date:** 2000-07-14
- **FDIC resolution date:** 2000-07-14
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $27M
- **Assets at failure:** $26M
- **Acquiring bank:** S&C BANK, MINNESOTA (ALMELUND, MN)
- **FDIC comments:** OBA = 0 per R Bennett 03/14/2012

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=TOWN%20%26%20COUNTRY%20BANK%20OF%20ALMELUND

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TOWN & COUNTRY BANK OF ALMELUND (FDIC ID 3527), failed 2000-07-14. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3527.

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