Bank failure · MN

Chokio State Bank (Chokio, MN) — failed November 7, 1986

Chokio State Bank of Chokio, Minnesota was closed on November 7, 1986 and resolved through a purchase and assumption. First State Bank Chokio (MN) took over its insured deposits. At failure it held $11.9M in assets and $11.0M in deposits. The FDIC's estimated loss on the failure is $4.9M (40.9% of assets).