Data / Bank failures / 1983 / Northern FS&LA
Northern FS&LA, ST. Paul, MN: received FDIC assistance June 24, 1983
Northern FS&LA in ST. Paul, Minnesota, received open bank assistance from the FDIC on June 24, 1983. It held $267.3 million in assets and $135.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.8 million (0.7% of its assets). By assets it was the 12th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- June 24, 1983
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Twin City FS&LA, Minneapolis, MN
- Total assets
- $267,257,575
- Total deposits
- $135,393,195
- Estimated cost to the FDIC
- $1,751,149 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 28255
Other bank failures in Minnesota, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| State Bank of Frost | Frost | December 20, 1985 | $7.7 million | $6.6 million | $2 million | Frost State Bank |
| Midland FS&LA (assistance) | Moorhead | December 2, 1985 | $38 million | $40.9 million | $48.9 million | Midland FS&LA |
| Farmers State Bank of Kanaranzi | Kanaranzi | October 18, 1985 | $3.9 million | $3.8 million | $997,195 | Citizens STB of Silver L |
| Farmers State Bank of Round Lake | Round Lake | August 2, 1985 | $23.2 million | $20.9 million | $7.5 million | Farmers STB of Mountain |
| Swift County Bank | Benson | June 14, 1985 | $41.6 million | $38 million | $8.4 million | First Security STB Sleep |
| First Trust Bank of Lakefield | Lakefield | May 31, 1985 | $24.3 million | $22.1 million | $9.4 million | Fulda State Bank |
| Citizens State Bank of Fulda | Fulda | February 15, 1985 | $39.4 million | $36.4 million | $12.8 million | Fulda State Bank |
| State Bank of Boyd | Boyd | October 24, 1984 | $7.1 million | $6.2 million | $2.8 million | State Bank of Madison |
Other failed banks Twin City FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First FS&LA (assistance) | Springhill | LA | September 21, 1982 | $11.7 million | $11.4 million | Twin City FS&LA |
All bank failures in 1983 · All bank failures in Minnesota · Every failed bank Twin City FS&LA 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.