Bank failure · MN

First Fs&la of Brainerd (Brainerd, MN) — failed August 26, 1988

First Fs&la of Brainerd of Brainerd, Minnesota was closed on August 26, 1988 and resolved through a a/a. First Fs&la of Brainerd (MN) took over its insured deposits. At failure it held $86.6M in assets and $104.2M in deposits. The FDIC's estimated loss on the failure is $54.4M (62.8% of assets).