The Graveyard › Banks › 1991

First Fs & La of Thief River Falls

Thief River Falls, MN · failed August 9, 1991 · FDIC certificate 29041

First Fs & La of Thief River Falls of Thief River Falls, MN failed on August 9, 1991. It opened on July 1, 1934, 57 years before. At its last report before that it held $54.6 million in assets and $55.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $68.1 million. The FDIC estimates that the Resolution Trust Corporation lost $2.6 million on it.

1984-031991-06

Assets at the end$54.6 millionlast report before August 9, 1991

Deposits at the end$55.5 million

Estimated loss to the fund$2.6 millionRTC

Largest in the quarterly reports$68.1 millionSeptember 30, 1987

Equity to assets-2.1%June 30, 1991

Loans not being repaid1.1%noncurrent, June 30, 1991

Return on assets-1.65%a year's rate, June 30, 1991

Staff24full time, June 30, 1991

Take today's blind test

Also ended in 1991

Bank of New England, National Association · Boston, MA · $13.4 billion in assets
Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
Goldome · Buffalo, NY · $9.9 billion in assets
Great American Fsa · San Diego, CA · $9.5 billion in assets
The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
Sunbelt Savings · Irving, TX · $6.0 billion in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.