The Graveyard › Banks › 1988

The First National Bank of Blooming Prairi

Blooming Prairie, MN · failed July 21, 1988 · FDIC certificate 5096

The First National Bank of Blooming Prairi of Blooming Prairie, MN failed on July 21, 1988. It opened on September 15, 1875, 112 years before. At its last report before that it held $20.0 million in assets and $20.0 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $27.4 million. The FDIC estimates that the FDIC's insurance fund lost $2.1 million on it.

1984-031988-03

Assets at the end$20.0 millionlast report before July 21, 1988

Deposits at the end$20.0 million

Estimated loss to the fund$2.1 millionFDIC

Largest in the quarterly reports$27.4 millionJune 30, 1984

Equity to assets-1.0%March 31, 1988

Loans not being repaid12.9%noncurrent, March 31, 1988

Return on assets-6.45%a year's rate, March 31, 1988

Staff11full time, March 31, 1988

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Also ended in 1988

American S&LA · Stockton · $30.2 billion in assets · assisted
First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
Gibraltar SA · Houston · $6.5 billion in assets · assisted
United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
First Texas Savings Association · Dallas · $3.1 billion in assets · assisted

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.