Data / Bank failures / 1981 / Perpetual S&LA
Perpetual S&LA, Rapid City, SD: received FDIC assistance September 15, 1981
Perpetual S&LA in Rapid City, South Dakota, received open bank assistance from the FDIC on September 15, 1981. It held $49.7 million in assets and $39.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $9.4 million (18.9% of its assets). By assets it was the 26th largest of 40 banks closed or assisted in 1981.
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The FDIC's record
- Closed
- September 15, 1981
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First FS&LA of Rapid City, Rapid City, SD
- Total assets
- $49,718,445
- Total deposits
- $39,174,267
- Estimated cost to the FDIC
- $9,397,259 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31506
Other bank failures in South Dakota, 1979 to 1983
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
All bank failures in 1981 · All bank failures in South Dakota · 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.