Bank failure · SD

First FSB (Huron, SD) — failed March 8, 1991

First FSB of Huron, South Dakota was closed on March 8, 1991 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $51.9M in assets and $50.0M in deposits. The FDIC's estimated loss on the failure is $526K (1.0% of assets).