Bank failure · MN

State Bank of Frost (Frost, MN) — failed December 20, 1985

State Bank of Frost of Frost, Minnesota was closed on December 20, 1985 and resolved through a purchase and assumption. Frost State Bank (MN) took over its insured deposits. At failure it held $7.7M in assets and $6.6M in deposits. The FDIC's estimated loss on the failure is $2.0M (26.2% of assets).