Data / Bank failures / 1982 / Farmers & Mechanics Savings Bank of Minnea
Farmers & Mechanics Savings Bank of Minnea, Minneapolis, MN: received FDIC assistance February 20, 1982
Farmers & Mechanics Savings Bank of Minnea in Minneapolis, Minnesota, received open bank assistance from the FDIC on February 20, 1982. It held $1.01 billion in assets and $842 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $52.4 million (5.2% of its assets). By assets it was the 10th largest of 119 banks closed or assisted in 1982.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- February 20, 1982
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Farmers & Mechanics Savings, Minneapolis, MN
- Total assets
- $1,010,324,000
- Total deposits
- $842,021,000
- Estimated cost to the FDIC
- $52,419,550 (estimate as of July 31, 2026)
- Insurance fund
- FDIC
- FDIC certificate
- 12008
Other bank failures in Minnesota, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| State Bank of Boyd | Boyd | October 24, 1984 | $7.1 million | $6.2 million | $2.8 million | State Bank of Madison |
| The Guaranty BK of Saint Paul | ST. Paul | July 19, 1984 | $28.6 million | $27.5 million | $5.9 million | Shelard National Bank |
| Windom FS&LA (assistance) | Windom | July 18, 1984 | $47.9 million | $45.3 million | $5.7 million | United Federal Savings Bank |
| First Nat BK of Prior Lake | Prior Lake | May 24, 1984 | $12.2 million | $11.5 million | $4.9 million | First NB of Shakopee |
| The First Nat BK of Rushford | Rushford | May 4, 1984 | $22 million | $21.4 million | $7.3 million | Goodhue Cnty NB of Red W |
| Northern FS&LA (assistance) | ST. Paul | June 24, 1983 | $267.3 million | $135.4 million | $1.8 million | Twin City FS&LA |
| State Bank of Barnum | Barnum | February 9, 1983 | $13.9 million | $13.1 million | $1.7 million | |
| Home Sa (assistance) | Minneapolis | January 18, 1981 | $686.4 million | $492.6 million | $73.6 million | First FS&LA of Minneapolis |
All bank failures in 1982 · All bank failures in Minnesota · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.