The Graveyard › Banks › 2000

Town and Country Bank of Almelund

Almelund, MN · failed July 14, 2000 · FDIC certificate 10985

Town and Country Bank of Almelund of Almelund, MN failed on July 14, 2000. It opened on May 1, 1914, 86 years before. At its last report before that it held $25.9 million in assets and $26.7 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1999, it held $32.1 million. The FDIC estimates that the Bank Insurance Fund lost $1.4 million on it.

1984-032000-06

Assets at the end$25.9 millionlast report before July 14, 2000

Deposits at the end$26.7 million

Estimated loss to the fund$1.4 millionBIF

Largest in the quarterly reports$32.1 millionDecember 31, 1999

Equity to assets-3.6%June 30, 2000

Loans not being repaid2.5%noncurrent, June 30, 2000

Return on assets-19.58%a year's rate, June 30, 2000

Staff17full time, June 30, 2000

On the FDIC's list: TOWN & COUNTRY BANK OF ALMELUND.

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Also ended in 2000

Hartford-Carlisle SB · Carlisle, IA · $105.0 million in assets
The National State Bank of Metropolis · Metropolis, IL · $90.4 million in assets
The Bank of Falkner · Falkner, MS · $85.5 million in assets
Bank of Honolulu · Honolulu, HI · $63.9 million in assets
Mutual Federal Savings Bank of Atlanta · Atlanta, GA · $31.5 million in assets
Monument National Bank · Ridgecrest, CA · $7.9 million 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.