THE FIRST NAT BK OF RUSHFORD Failed 1984
What happened
THE FIRST NAT BK OF RUSHFORD of RUSHFORD, MN was closed on 1984-05-04. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to GOODHUE CNTY NB OF RED W (RED WING, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 870
- FDIC Certificate
- 5239
- FDIC FIN
- 2385
- Bank name
- THE FIRST NAT BK OF RUSHFORD
- Location
- RUSHFORD, MN
- Failure date
- 1984-05-04
- FDIC resolution date
- 1984-05-04
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $21M
- Assets at failure
- $22M
- Acquiring bank
- GOODHUE CNTY NB OF RED W (RED WING, MN)
Other banks GOODHUE CNTY NB OF RED W acquired in FDIC resolutions