Data / Bank failures / 2000 / Town & Country Bank of Almelund
Town & Country Bank of Almelund, Almelund, MN: failed July 14, 2000
Town & Country Bank of Almelund in Almelund, Minnesota, failed on July 14, 2000. S&C Bank, Minnesota of Almelund, MN, took over its deposits. It held $25.9 million in assets and $26.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.4 million (5.3% of its assets). By assets it was the 6th largest of 7 banks closed or assisted in 2000.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- July 14, 2000
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- S&C Bank, Minnesota, Almelund, MN
- Total assets
- $25,942,000
- Total deposits
- $26,667,000
- Estimated cost to the FDIC
- $1,363,379 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 10985
All bank failures in 2000 · 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.