# STATE BANK OF BOYD

> **Failed bank** · BOYD, MN · failed 1984-10-24 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

STATE BANK OF BOYD of BOYD, MN was closed by regulators on **1984-10-24**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **STATE BANK OF MADISON** (MADISON, MN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 932
- **FDIC Certificate:** 16646
- **FDIC FIN:** 2427
- **Bank name:** STATE BANK OF BOYD
- **Location:** BOYD, MN
- **Failure date:** 1984-10-24
- **FDIC resolution date:** 1984-10-24
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $6M
- **Assets at failure:** $7M
- **Acquiring bank:** STATE BANK OF MADISON (MADISON, MN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=STATE%20BANK%20OF%20BOYD

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, STATE BANK OF BOYD (FDIC ID 932), failed 1984-10-24. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/932.

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