Fairmont Federal Savings and Loan Association
Status: | Inactive as of 02/09/1990 |
Absorption - Assisted Institution Enters Conservatorship | |
Successor Bank: | Fairmont Federal Savings Association |
Headquarters: | Fairmont Federal Savings and Loan Association 115 West First St Fairmont, MN 56031 |
Established: | 01/01/1891 |
FDIC Insurance: | 03/01/1954 |
FDIC Cert: | #28205 |
Charter Class: | |
Total Assets: | $45,966,000 |
Total Deposits: | $46,392,000 |
History
1891-01-01 | Institution established: Original name:Fairmont Federal Savings and Loan Association | |
1990-02-09 | Institution established: Original name:Fairmont Federal Savings Association (32891) | |
1990-02-09 | Failed, went into receivership, and then became part of Fairmont Federal Savings Association (32891) | |
1990-02-09 | Placed into government conservatorship. | |
1990-09-07 | Institution established: Original name:First Farmers & Merchants National Bank (33131) | |
1990-09-07 | Acquired after government financial assistance and subsequently operated as part of First Farmers & Merchants National Bank (33131) | |
1990-09-07 | Government conservatorship or bridge bank resolved. |