Chokio State Bank

Status:Inactive as of 11/07/1986
 Absorption - Assisted
Successor Bank:First State Bank Chokio
Headquarters:Chokio State Bank
Second Avenue South And Main Street
Chokio, MN 56221
Established:01/01/1901
FDIC Insurance:01/01/1934
FDIC Cert:#10995
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$11,917,000
Total Deposits:$10,959,000

History

1901-01-01Institution established: Original name:Chokio State Bank
1986-11-07Institution established: Original name:First State Bank Chokio (26831)
1986-11-07Failed. Acquired with government financial assistance and subsequently operated as part of First State Bank Chokio (26831)
1993-09-15Merged into and subsequently operated as part of Farmers and Merchants State Bank of Donnelly (8209) in DONNELLY, MN
1993-12-13Changed name to United Farmers & Merchants State Bank (8209)
1994-02-15Moved bank headquarters from DONNELLY, MN to MORRIS, MN
2013-09-14Merged into and subsequently operated as part of Dacotah Bank (17437) in ABERDEEN, SD
2020-07-03Acquired First State Bank of Claremont (484) in GROTON, SD