Bank failure · MN
Beaver Creek State Bank (Beaver Creek, MN) — failed March 13, 1987
Beaver Creek State Bank of Beaver Creek, Minnesota was closed on March 13, 1987 and resolved through a insured deposit transfer. Citizens Stb of Silver L (MN) took over its insured deposits. At failure it held $7.3M in assets and $7.1M in deposits. The FDIC's estimated loss on the failure is $964K (13.3% of assets).
- Closing date
- March 13, 1987
- FDIC certificate #
- 8846
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Citizens Stb of Silver L
- Insurance fund
- FDIC
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