Bank failure · MN

Farmers & Mechanics Savings Bank of Minnea (Minneapolis, MN) — failed February 20, 1982

Farmers & Mechanics Savings Bank of Minnea of Minneapolis, Minnesota was closed on February 20, 1982 and resolved through a a/a. Farmers & Mechanics Savings (MN) took over its insured deposits. At failure it held $1.0B in assets and $842.0M in deposits. The FDIC's estimated loss on the failure is $52.4M (5.2% of assets).