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

1891-01-01Institution established: Original name:Fairmont Federal Savings and Loan Association
1990-02-09Institution established: Original name:Fairmont Federal Savings Association (32891)
1990-02-09Failed, went into receivership, and then became part of Fairmont Federal Savings Association (32891)
1990-02-09Placed into government conservatorship.
1990-09-07Institution established: Original name:First Farmers & Merchants National Bank (33131)
1990-09-07Acquired after government financial assistance and subsequently operated as part of First Farmers & Merchants National Bank (33131)
1990-09-07Government conservatorship or bridge bank resolved.