Data / Bank failures / 1992 / First FSB of South Dakota
First FSB of South Dakota, Rapid City, SD: failed April 24, 1992
First FSB of South Dakota in Rapid City, South Dakota, failed on April 24, 1992. Metropolitan FB, FSB of Fargo, ND, took over its deposits. It held $155.9 million in assets and $169.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $24.1 million (15.4% of its assets). By assets it was the 69th largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- April 24, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Metropolitan FB, FSB, Fargo, ND
- Total assets
- $155,900,000
- Total deposits
- $169,948,000
- Estimated cost to the FDIC
- $24,066,182 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 27853
Other bank failures in South Dakota, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First FSB | Huron | March 8, 1991 | $51.9 million | $50 million | $526,348 |
Other failed banks Metropolitan FB, FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First Savings Assoc. | Bismark | ND | January 26, 1990 | $113.4 million | $100.5 million | $16.7 million | Metropolitan FB, FSB |
All bank failures in 1992 · All bank failures in South Dakota · Every failed bank Metropolitan FB, FSB 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.