FIRST NAT BK OF PRIOR LAKE Failed 1984
What happened
FIRST NAT BK OF PRIOR LAKE of PRIOR LAKE, MN was closed on 1984-05-24. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB OF SHAKOPEE (SHAKOPEE, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 883
- FDIC Certificate
- 24098
- FDIC FIN
- 2391
- Bank name
- FIRST NAT BK OF PRIOR LAKE
- Location
- PRIOR LAKE, MN
- Failure date
- 1984-05-24
- FDIC resolution date
- 1984-05-24
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $11M
- Assets at failure
- $12M
- Acquiring bank
- FIRST NB OF SHAKOPEE (SHAKOPEE, MN)