# THE FIRST NAT BK OF RUSHFORD

> **Failed bank** · RUSHFORD, MN · failed 1984-05-04 · National commercial bank (OCC-chartered) · FDIC cost $7M

## What happened

THE FIRST NAT BK OF RUSHFORD of RUSHFORD, MN was closed by the OCC 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- LANESBORO STATE BANK (LANESBORO, MN) — failed 1987-06-26 — /failed-bank/1459

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20FIRST%20NAT%20BK%20OF%20RUSHFORD

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST NAT BK OF RUSHFORD (FDIC ID 870), failed 1984-05-04. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/870.

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