Bank failure · MN

Farmers State Bank of Kanaranzi (Kanaranzi, MN) — failed October 18, 1985

Farmers State Bank of Kanaranzi of Kanaranzi, Minnesota was closed on October 18, 1985 and resolved through a purchase and assumption. Citizens Stb of Silver L (MN) took over its insured deposits. At failure it held $3.9M in assets and $3.8M in deposits. The FDIC's estimated loss on the failure is $997K (25.5% of assets).