Bank failure · MN
First State Bank of Rollingstone (Rollingstone, MN) — failed September 11, 1987
First State Bank of Rollingstone of Rollingstone, Minnesota was closed on September 11, 1987 and resolved through a purchase and assumption. Eastwood Bank St Charles (MN) took over its insured deposits. At failure it held $15.2M in assets and $14.4M in deposits. The FDIC's estimated loss on the failure is $3.0M (20.0% of assets).
- Closing date
- September 11, 1987
- FDIC certificate #
- 9768
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Eastwood Bank St Charles
- Insurance fund
- FDIC
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