# FARMERS & MECHANICS SAVINGS BANK OF MINNEA

> **Failed bank** · MINNEAPOLIS, MN · failed 1982-02-20 · MI · FDIC cost $52M

## What happened

FARMERS & MECHANICS SAVINGS BANK OF MINNEA of MINNEAPOLIS, MN was closed by regulators 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
- **Estimated FDIC DIF cost:** $52M
- **Deposits at failure:** $842M
- **Assets at failure:** $1,010M
- **Acquiring bank:** FARMERS & MECHANICS SAVINGS (MINNEAPOLIS, MN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FARMERS%20%26%20MECHANICS%20SAVINGS%20BANK%20OF%20MINNEA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FARMERS & MECHANICS SAVINGS BANK OF MINNEA (FDIC ID 642), failed 1982-02-20. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/642.

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