Bank failure · MN
First National Bank in West Concord (West Concord, MN) — failed March 5, 1987
First National Bank in West Concord of West Concord, Minnesota was closed on March 5, 1987 and resolved through a insured deposit transfer. Farmers Stb of West Conc (MN) took over its insured deposits. At failure it held $9.1M in assets and $8.7M in deposits. The FDIC's estimated loss on the failure is $1.4M (15.3% of assets).
- Closing date
- March 5, 1987
- FDIC certificate #
- 14426
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Farmers Stb of West Conc
- Insurance fund
- FDIC
Other failures in 1987
- American Fs&la VA
- First Financial Bank, FSB LA
- Gibson Federal S&la IL
- First Fs&la of Slidell LA
- Firstbanc FSB LA
- First Financial of LA LA
- First Fs&la of Alexandria LA
- Community Fs&la OH
- The Falun State Bank KS
- First State Bank at Shoshoni WY
- Bank of Mabank TX
- American Bank of Commerce LA
- Usbank TX
- Mt. Pleasant S&la TX
- Boone County Fs&la MO
- Lewis and Clark State Bank OR
- Surety Fs&la NC
- First Interstate Bank of Alaska AK
- Bancfirst-Austin, N.A. TX
- Louisiana Bank & Trust Company LA
- American Bank in Louisiana LA
- The First National Bank in Rhome TX
- Heritage National Bank TX
- The Farmers National Bank of Cordell OK