Bank failure · MN
First National Bank of Wilmont (Wilmont, MN) — failed May 29, 1987
First National Bank of Wilmont of Wilmont, Minnesota was closed on May 29, 1987 and resolved through a insured deposit transfer. Farmers Stb of Mountain (MN) took over its insured deposits. At failure it held $13.3M in assets and $11.8M in deposits. The FDIC's estimated loss on the failure is $2.0M (15.0% of assets).
- Closing date
- May 29, 1987
- FDIC certificate #
- 5275
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Farmers Stb of Mountain
- Insurance fund
- FDIC
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