State Bank of Morgan
Status: | Inactive as of 03/18/1988 |
Absorption - Assisted | |
Successor Bank: | Farmers and Merchants State Bank of Springfield |
Headquarters: | State Bank of Morgan 101 Vernon Avenue Morgan, MN 56266 |
Established: | 08/01/1893 |
FDIC Insurance: | 01/01/1934 |
FDIC Cert: | #1930 |
Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
Total Assets: | $20,314,000 |
Total Deposits: | $19,995,000 |
History
1893-08-01 | Institution established: Original name:State Bank of Morgan | |
1988-03-18 | Failed. Acquired with government financial assistance and subsequently operated as part of Farmers and Merchants State Bank of Springfield (13382) |