Bank failure · SD
Community Bank (Hartford, SD) — failed June 17, 1983
Community Bank of Hartford, South Dakota was closed on June 17, 1983 and resolved through a purchase and assumption. Western Bank (SD) took over its insured deposits. At failure it held $32.0M in assets and $28.3M in deposits. The FDIC's estimated loss on the failure is $5.9M (18.4% of assets).
- Closing date
- June 17, 1983
- FDIC certificate #
- 6066
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Western Bank
- Insurance fund
- FDIC
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