Bank failure · MN

Citizens State Bank of Fulda (Fulda, MN) — failed February 15, 1985

Citizens State Bank of Fulda of Fulda, Minnesota was closed on February 15, 1985 and resolved through a insured deposit transfer. Fulda State Bank (MN) took over its insured deposits. At failure it held $39.4M in assets and $36.4M in deposits. The FDIC's estimated loss on the failure is $12.8M (32.6% of assets).