Data / Bank failures / 1984 / Mitchell Home S&LA
Mitchell Home S&LA, Mitchell, SD: received FDIC assistance August 1, 1984
Mitchell Home S&LA in Mitchell, South Dakota, received open bank assistance from the FDIC on August 1, 1984. It held $16.6 million in assets and $18 million in deposits at its last report. By assets it was the 73rd largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- August 1, 1984
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Metropolitan Fed BK FSB, Fargo, ND
- Total assets
- $16,607,000
- Total deposits
- $18,029,000
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31414
Other bank failures in South Dakota, 1982 to 1986
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Stockholm State Bank | Stockholm | March 27, 1986 | $7.2 million | $6.6 million | $991,473 | Community STB of Stockho |
| Farmers State Bank | Lyons | June 15, 1984 | $3.2 million | $3 million | $854,695 | Dakota State Bank |
| Community Bank | Hartford | June 17, 1983 | $32 million | $28.3 million | $5.9 million | Western Bank |
| First Dakota Home S&LA (assistance) | Pierre | June 10, 1983 | $27.8 million | $26.1 million | $1.8 million | Home FS&LA Sioux Falls |
| First FS&LA of Sioux Falls (assistance) | Sioux Falls | June 10, 1983 | $78 million | $75.3 million | $6.9 million | Home FS&LA Sioux Falls |
| Home Trust S&LA (assistance) | Vermillion | December 20, 1982 | $13.2 million | $12.1 million | $300,000 | Home Trust S&LA |
| First Dakota Home S&LA (assistance) | Pierre | September 20, 1982 | $27.8 million | $25.6 million | $1.1 million | First Dakota Home S&LA |
| First FS&LA of Sioux Falls (assistance) | Sioux Falls | September 20, 1982 | $78.2 million | $74.3 million | $2.9 million | First Dakota Home S&LA |
Other failed banks Metropolitan Fed BK FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Peoples S&LA (assistance) | Owantonna | MN | August 26, 1988 | $210.8 million | $203.7 million | $35.5 million | Metropolitan Fed BK FSB |
All bank failures in 1984 · All bank failures in South Dakota · Every failed bank Metropolitan Fed BK 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.