Data / Bank failures / 1985 / Farmers State Bank of Kanaranzi
Farmers State Bank of Kanaranzi, Kanaranzi, MN: failed October 18, 1985
Farmers State Bank of Kanaranzi in Kanaranzi, Minnesota, failed on October 18, 1985. Citizens STB of Silver L of Silver Lake, MN, took over its deposits. It held $3.9 million in assets and $3.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $997,195 (25.5% of its assets). By assets it was the 174th largest of 180 banks closed or assisted in 1985.
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
- October 18, 1985
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Citizens STB of Silver L, Silver Lake, MN
- Total assets
- $3,907,000
- Total deposits
- $3,823,000
- Estimated cost to the FDIC
- $997,195 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 12189
Other bank failures in Minnesota, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| State Bank of Greenwald | Greenwald | October 2, 1987 | $23.3 million | $19.9 million | $4.3 million | Rural American BK Greenw |
| Clay County State Bank | Dilworth | October 1, 1987 | $10.1 million | $9.9 million | $1.1 million | Northwestern STB of Ulen |
| First State Bank of Rollingstone | Rollingstone | September 11, 1987 | $15.2 million | $14.4 million | $3 million | Eastwood Bank ST Charles |
| People's State Bank of Mazeppa | Mazeppa | August 21, 1987 | $21.6 million | $20.2 million | $4.9 million | First State Bank of Red |
| Lanesboro State Bank | Lanesboro | June 26, 1987 | $11.4 million | $11 million | $2.3 million | Goodhue Cnty NB of Red W |
| First National Bank of Wilmont | Wilmont | May 29, 1987 | $13.3 million | $11.8 million | $2 million | Farmers STB of Mountain |
| Todd County State Bank | Long Prairie | May 14, 1987 | $15.4 million | $15.2 million | $2.4 million | First NB of Long Prairie |
| The First National Bank of Elbow Lake | Elbow Lake | May 14, 1987 | $14.2 million | $15.7 million | $7.7 million | First NB of Fergus Falls |
Other failed banks Citizens STB of Silver L took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Beaver Creek State Bank | Beaver Creek | MN | March 13, 1987 | $7.3 million | $7.1 million | $963,741 | Citizens STB of Silver L |
All bank failures in 1985 · All bank failures in Minnesota · Every failed bank Citizens STB of Silver L took over · 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.