Bank failure · MN

First Fs & LA of Thief River Falls (Thief River Falls, MN) — failed August 9, 1991

First Fs & LA of Thief River Falls of Thief River Falls, Minnesota was closed on August 9, 1991 and resolved through a purchase and assumption. No. State Bk of Thief Riv. (MN) took over its insured deposits. At failure it held $54.6M in assets and $55.5M in deposits. The FDIC's estimated loss on the failure is $2.6M (4.8% of assets).