Bank failure · SD

The American State Bank (Yankton, SD) — failed May 18, 1988

The American State Bank of Yankton, South Dakota was closed on May 18, 1988 and resolved through a a/a. First Dakota National Bank (SD) took over its insured deposits. At failure it held $62.1M in assets and $59.0M in deposits. The FDIC's estimated loss on the failure is $265K (0.4% of assets).