Bank failure · MN

The First Nat Bk of Rushford (Rushford, MN) — failed May 4, 1984

The First Nat Bk of Rushford of Rushford, Minnesota was closed on May 4, 1984 and resolved through a purchase and assumption. Goodhue Cnty Nb of Red W (MN) took over its insured deposits. At failure it held $22.0M in assets and $21.4M in deposits. The FDIC's estimated loss on the failure is $7.3M (33.2% of assets).