Bank failure · MN

First National Bank of Stewartville (Stewartville, MN) — failed December 4, 1986

First National Bank of Stewartville of Stewartville, Minnesota was closed on December 4, 1986 and resolved through a purchase and assumption. Marquette Bank Rochester (MN) took over its insured deposits. At failure it held $18.5M in assets and $18.3M in deposits. The FDIC's estimated loss on the failure is $980K (5.3% of assets).