Bank failure · MN

First Nat Bk of Prior Lake (Prior Lake, MN) — failed May 24, 1984

First Nat Bk of Prior Lake of Prior Lake, Minnesota was closed on May 24, 1984 and resolved through a purchase and assumption. First Nb of Shakopee (MN) took over its insured deposits. At failure it held $12.2M in assets and $11.5M in deposits. The FDIC's estimated loss on the failure is $4.9M (40.2% of assets).