Bank failure · MN

Citizens State Bank of Eagle Bend (Eagle Bend, MN) — failed April 8, 1988

Citizens State Bank of Eagle Bend of Eagle Bend, Minnesota was closed on April 8, 1988 and resolved through a purchase and assumption. Lake Country State Bank (MN) took over its insured deposits. At failure it held $10.0M in assets and $9.9M in deposits. The FDIC's estimated loss on the failure is $1.7M (16.7% of assets).