FARMERS & MECHANICS SAVINGS BANK OF MINNEA Failed 1982
What happened
FARMERS & MECHANICS SAVINGS BANK OF MINNEA of MINNEAPOLIS, MN was closed on 1982-02-20. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to FARMERS & MECHANICS SAVINGS (MINNEAPOLIS, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 642
- FDIC Certificate
- 12008
- FDIC FIN
- 1905
- Bank name
- FARMERS & MECHANICS SAVINGS BANK OF MINNEA
- Location
- MINNEAPOLIS, MN
- Failure date
- 1982-02-20
- FDIC resolution date
- 1982-02-20
- Charter type
- MI
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $52M
- Deposits at failure
- $842M
- Assets at failure
- $1,010M
- Acquiring bank
- FARMERS & MECHANICS SAVINGS (MINNEAPOLIS, MN)