# FIRST NAT BK OF PRIOR LAKE

> **Failed bank** · PRIOR LAKE, MN · failed 1984-05-24 · National commercial bank (OCC-chartered) · FDIC cost $5M

## What happened

FIRST NAT BK OF PRIOR LAKE of PRIOR LAKE, MN was closed by the OCC 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
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $11M
- **Assets at failure:** $12M
- **Acquiring bank:** FIRST NB OF SHAKOPEE (SHAKOPEE, MN)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NAT BK OF PRIOR LAKE (FDIC ID 883), failed 1984-05-24. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/883.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*