Data / Bank failures / 2008 / First Integrity Bank, N.A.
First Integrity Bank, N.A., Staples, MN: failed May 30, 2008
First Integrity Bank, N.A. in Staples, Minnesota, failed on May 30, 2008. First International Bank and Trust of Watford, ND, took over its deposits. It held $52.9 million in assets and $50.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $10.3 million (19.5% of its assets). By assets it was the 26th largest of 30 banks closed or assisted in 2008.
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The FDIC's record
- Closed
- May 30, 2008
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First International Bank and Trust, Watford, ND
- Total assets
- $52,916,000
- Total deposits
- $50,178,000
- Estimated cost to the FDIC
- $10,305,161 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- DIF
- FDIC certificate
- 12736
Other bank failures in Minnesota, 2006 to 2010
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Community National Bank | Lino Lakes | December 17, 2010 | $31.6 million | $28.8 million | $5.8 million | Farmers & Merchants Savings Bank |
| Community Security Bank | New Prague | July 23, 2010 | $100.6 million | $95.1 million | $18.5 million | Roundbank |
| Pinehurst Bank | ST. Paul | May 21, 2010 | $61.2 million | $58.3 million | $8.4 million | Coulee Bank |
| Access Bank | Champlin | May 7, 2010 | $32 million | $32 million | $7.9 million | Prinsbank |
| State Bank of Aurora | Aurora | March 19, 2010 | $28.2 million | $27.8 million | $7 million | Northern State Bank |
| 1ST American State Bank of Minnesota | Hancock | February 5, 2010 | $18.2 million | $16.3 million | $4.5 million | Community Development Bank, FSB |
| Marshall Bank, National Association | Hallock | January 29, 2010 | $58.6 million | $55.7 million | $1.1 million | United Valley Bank |
| ST. Stephen State Bank | ST. Stephen | January 15, 2010 | $22.9 million | $23.9 million | $7.7 million | First State Bank of ST. Joseph |
All bank failures in 2008 · 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.