State Bank of Springfield

Status:Inactive as of 07/17/1992
 Absorption - Assisted
Successor Bank:Bank Midwest of Cottonwood County
Headquarters:State Bank of Springfield
2 South Marshall
Springfield, MN 56087
Established:12/23/1891
FDIC Insurance:01/01/1934
FDIC Cert:#13383
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$30,267,000
Total Deposits:$28,464,000

History

1891-12-23Institution established: Original name:State Bank of Springfield
1992-07-17Failed. Acquired with government financial assistance and subsequently operated as part of Southwest State Bank (10992)
1999-09-13Changed name to Bank Midwest of Cottonwood County (10992)
2000-10-09Merged into and subsequently operated as part of Bank Midwest, Minnesota Iowa, National Association (5170) in FAIRMONT, MN
2008-07-01Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
2008-07-01Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2008-07-01Changed name to Bank Midwest (5170)
2008-07-01Moved bank headquarters from FAIRMONT, MN to SPIRIT LAKE, IA
2011-06-03Acquired Farmers State Bank of Sherburn (8217) in SHERBURN, MN