Bank failure · SD

Stockholm State Bank (Stockholm, SD) — failed March 27, 1986

Stockholm State Bank of Stockholm, South Dakota was closed on March 27, 1986 and resolved through a purchase and assumption. Community Stb of Stockho (SD) took over its insured deposits. At failure it held $7.2M in assets and $6.6M in deposits. The FDIC's estimated loss on the failure is $991K (13.9% of assets).