Bank failure · MN
Clay County State Bank (Dilworth, MN) — failed October 1, 1987
Clay County State Bank of Dilworth, Minnesota was closed on October 1, 1987 and resolved through a purchase and assumption. Northwestern Stb of Ulen (MN) took over its insured deposits. At failure it held $10.1M in assets and $9.9M in deposits. The FDIC's estimated loss on the failure is $1.1M (10.9% of assets).
- Closing date
- October 1, 1987
- FDIC certificate #
- 18867
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Northwestern Stb of Ulen
- Insurance fund
- FDIC
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