Data / Bank failures / 1986 / Stockholm State Bank
Stockholm State Bank, Stockholm, SD: failed March 27, 1986
Stockholm State Bank in Stockholm, South Dakota, failed on March 27, 1986. Community STB of Stockho of Stockholm, SD, took over its deposits. It held $7.2 million in assets and $6.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $991,473 (13.9% of its assets). By assets it was the 191st largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- March 27, 1986
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Community STB of Stockho, Stockholm, SD
- Total assets
- $7,154,000
- Total deposits
- $6,644,000
- Estimated cost to the FDIC
- $991,473 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 9951
Other bank failures in South Dakota, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| United FS&LA (assistance) | Aberdeen | December 1, 1988 | $92.5 million | $92 million | $8 million | Home FS&LA of Sioux Falls |
| Marshall County Bank | Britton | August 19, 1988 | $10.7 million | $9.4 million | $229,170 | First National Bank |
| The American State Bank (assistance) | Yankton | May 18, 1988 | $62.1 million | $59 million | $265,335 | First Dakota National Bank |
| First City - Sioux Falls N.A. (assistance) | Sioux Falls | April 20, 1988 | $597.7 million | $227.7 million | First City - Sioux Falls N. | |
| Tri-State National Bank | Belle Fourche | November 10, 1987 | $10.7 million | $10.7 million | $1.8 million | First Western Bank Sturg |
| First State Bank of Sisseton | Sisseton | May 7, 1987 | $20.1 million | $19.4 million | $4.5 million | FARMERS&MERCHANTS B&T Co |
| Mitchell Home S&LA (assistance) | Mitchell | August 1, 1984 | $16.6 million | $18 million | Metropolitan Fed BK FSB | |
| Farmers State Bank | Lyons | June 15, 1984 | $3.2 million | $3 million | $854,695 | Dakota State Bank |
All bank failures in 1986 · 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.