Data / Bank failures / 1987 / Tri-State National Bank
Tri-State National Bank, Belle Fourche, SD: failed November 10, 1987
Tri-State National Bank in Belle Fourche, South Dakota, failed on November 10, 1987. First Western Bank Sturg of Sturgis, SD, took over its deposits. It held $10.7 million in assets and $10.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.8 million (17.1% of its assets). By assets it was the 211th largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- November 10, 1987
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- First Western Bank Sturg, Sturgis, SD
- Total assets
- $10,728,000
- Total deposits
- $10,722,000
- Estimated cost to the FDIC
- $1,839,252 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 22945
Other bank failures in South Dakota, 1985 to 1989
| 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. | |
| First State Bank of Sisseton | Sisseton | May 7, 1987 | $20.1 million | $19.4 million | $4.5 million | FARMERS&MERCHANTS B&T Co |
| Stockholm State Bank | Stockholm | March 27, 1986 | $7.2 million | $6.6 million | $991,473 | Community STB of Stockho |
All bank failures in 1987 · 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.