Bank failure · MN
The First National Bank of Preston (Preston, MN) — failed January 5, 1939
The First National Bank of Preston of Preston, Minnesota was closed on January 5, 1939 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $304K in assets and $285K in deposits.
- Closing date
- January 5, 1939
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC
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