Bank failure · MN
State Bank of Barnum (Barnum, MN) — failed February 9, 1983
State Bank of Barnum of Barnum, Minnesota was closed on February 9, 1983 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $13.9M in assets and $13.1M in deposits. The FDIC's estimated loss on the failure is $1.7M (12.3% of assets).
- Closing date
- February 9, 1983
- FDIC certificate #
- 15748
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC
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