Bank failure · MN

Farmers State Bank of Round Lake (Round Lake, MN) — failed August 2, 1985

Farmers State Bank of Round Lake of Round Lake, Minnesota was closed on August 2, 1985 and resolved through a purchase and assumption. Farmers Stb of Mountain (MN) took over its insured deposits. At failure it held $23.2M in assets and $20.9M in deposits. The FDIC's estimated loss on the failure is $7.5M (32.1% of assets).