Data / Bank failures / 1991 / First FSB
First FSB, Huron, SD: failed March 8, 1991
First FSB in Huron, South Dakota, failed on March 8, 1991. It held $51.9 million in assets and $50 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $526,348 (1% of its assets). By assets it was the 166th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- March 8, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- None, NA
- Total assets
- $51,933,000
- Total deposits
- $49,950,000
- Estimated cost to the FDIC
- $526,348 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 30960
Other bank failures in South Dakota, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First FSB of South Dakota | Rapid City | April 24, 1992 | $155.9 million | $169.9 million | $24.1 million | Metropolitan FB, FSB |
All bank failures in 1991 · All bank failures in South Dakota · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.