Bank failure · MN
Farmers State Bank of Clarissa (Clarissa, MN) — failed July 11, 1986
Farmers State Bank of Clarissa of Clarissa, Minnesota was closed on July 11, 1986 and resolved through a purchase and assumption. First Stb of Rush City (MN) took over its insured deposits. At failure it held $17.9M in assets and $16.8M in deposits. The FDIC's estimated loss on the failure is $7.3M (40.7% of assets).
- Closing date
- July 11, 1986
- FDIC certificate #
- 9730
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Stb of Rush City
- Insurance fund
- FDIC
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