First Trust Bank of Lakefield
| Status: | Inactive as of 05/31/1985 |
| Absorption - Assisted | |
| Successor Bank: | First National Bank |
| Headquarters: | First Trust Bank of Lakefield 406 Main Street Lakefield, MN 56150 |
| Established: | 01/01/1800 |
| FDIC Insurance: | 01/01/1934 |
| FDIC Cert: | #5177 |
| Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
| Total Assets: | $24,288,000 |
| Total Deposits: | $22,126,000 |
History
| 1800-01-01 | Institution established: Original name:First National Bank in Lakefield | |
| 1980-06-23 | Changed name to First Trust Bank of Lakefield | |
| 1985-05-31 | Failed. Acquired with government financial assistance and subsequently operated as part of Fulda State Bank (25894) | |
| 1985-06-24 | Change trust powers from FULL TRUST POWERS GRANTED to LIMITED TRUST POWERS GRANTED | |
| 1986-12-31 | Change trust powers from LIMITED TRUST POWERS GRANTED to TRUST POWERS TERMINATED | |
| 1988-10-01 | Changed name to First National Bank (25894) | |
| 1994-06-07 | Moved bank headquarters from LAKEFIELD, MN to FULDA, MN | |
| 1994-09-10 | Acquired First National Bank (5159) in HASTINGS, MN | |
| 2011-08-29 | Moved bank headquarters from FULDA, MN to SLAYTON, MN | |
| 2018-11-30 | Moved bank headquarters from SLAYTON, MN to OLDHAM, SD | |
| 2018-11-30 | Acquired First American State Bank (15432) in OLDHAM, SD |