Bank failure · SD

Marshall County Bank (Britton, SD) — failed August 19, 1988

Marshall County Bank of Britton, South Dakota was closed on August 19, 1988 and resolved through a insured deposit transfer. First National Bank (SD) took over its insured deposits. At failure it held $10.7M in assets and $9.4M in deposits. The FDIC's estimated loss on the failure is $229K (2.1% of assets).