Bank failure · MN

Washington FSB of Stillwater (Stillwater, MN) — failed August 26, 1988

Washington FSB of Stillwater of Stillwater, Minnesota was closed on August 26, 1988 and resolved through a a/a. Pioneer Fs&la (IA) took over its insured deposits. At failure it held $295.8M in assets and $319.4M in deposits. The FDIC's estimated loss on the failure is $165.3M (55.9% of assets).