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

1893-08-01Institution established: Original name:State Bank of Morgan
1988-03-18Failed. Acquired with government financial assistance and subsequently operated as part of Farmers and Merchants State Bank of Springfield (13382)