Bank Failure
First Integrity Bank, N.A.
BankRegReports is independent of First Integrity Bank, N.A. and never asks for online banking logins or passwords.
Closed May 30, 2008 · Staples, MN · FDIC Cert #12736.
- Closing date
- May 30, 2008
- Headquarters
- Staples, MN
- FDIC Certificate
- 12736
- Total assets at closing
- $52.9M
- Total deposits at closing
- $50.2M
- Estimated loss to the insurance fund
- $10.3M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- First International Bank and Trust
Context
On May 30, 2008, regulators closed First Integrity Bank, N.A., headquartered in Staples, MN. At closing, the institution held approximately $52.9M in assets and $50.2M in deposits. The FDIC record names First International Bank and Trust as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $10.3M.
By assets at closing this is the 1608th largest of the 3,526 bank failures in the FDIC record, and the 21st of 25 in 2008. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did First Integrity Bank, N.A. fail?
First Integrity Bank, N.A. was closed by regulators on May 30, 2008.
Who acquired First Integrity Bank, N.A.?
The FDIC record names First International Bank and Trust as the acquiring institution in the resolution of First Integrity Bank, N.A.
How big was First Integrity Bank, N.A. when it failed?
First Integrity Bank, N.A. had approximately $52.9M in total assets and $50.2M in deposits at the time of failure.
Other failures in 2008
| Date | Bank | Assets |
|---|---|---|
| Dec 12, 2008 | Haven Trust Bank | $559.6M |
| Dec 12, 2008 | Sanderson State Bank | $38.2M |
| Dec 5, 2008 | First Georgia Community Bank | $256.4M |
| Nov 21, 2008 | Downey Savings and Loan Association, F.A. | $12.78B |
| Nov 21, 2008 | PFF Bank & Trust | $3.72B |
| Nov 21, 2008 | The Community Bank | $634.9M |
| Nov 7, 2008 | Franklin Bank, SSB | $5.09B |
| Nov 7, 2008 | Security Pacific Bank | $528.0M |
Explore: all failures · MN bank events · 2008 events · events hub