The First National Bank of Rushford
Rushford, MN · Owner: Rushford Bcorp Inc
$22.0M
total assets, March 31, 1984
$22.0M
total assets, March 31, 1984
The First National Bank of Rushford was a national bank in Rushford, MN, owned by Rushford Bcorp Inc. It failed on May 4, 1984, and Goodhue Cnty NB Of Red W took over its deposits. At its last report it held $22.0 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1984
This bank failed
- Failed on
- May 4, 1984
- Assets
- $22.0M
- Deposits
- $21.4M
- Estimated cost
- $7.3M
- Deposits went to
- Goodhue Cnty NB Of Red W, Red Wing, MN
Total assets
$22.0M
vs a year before: -
Deposits
$21.4M
vs a year before: -
Loans
$17.5M
vs a year before: -
Profit so far
-$558K
Jan 1 to Mar 31, 1984
Capital ratio
1.08%
Return on assets
-9.97%
Yearly rate
Facts
- Type
- National bank
- Head office
- Main Street, Rushford, MN, 55971
- County
- Fillmore
- Holding company
- Rushford Bcorp Inc
- Established
- Sep 23, 1902
- Failed
- May 4, 1984
- Employees
- 16
- Id
- b5239
Related pages
Questions and answers
How big is The First National Bank of Rushford?
$22.0 million in total assets and $21.4 million in deposits as of March 31, 1984. Its loans were $17.5 million.
Is The First National Bank of Rushford profitable?
No: it lost $558,000 from January 1 to March 31, 1984. Its return on assets was -9.97% a year; about 1% is typical.
Who owns The First National Bank of Rushford?
The First National Bank of Rushford is owned by Rushford Bcorp Inc, its holding company.
When did The First National Bank of Rushford fail?
May 4, 1984. Goodhue Cnty NB Of Red W of Red Wing, MN took over its deposits. The estimated cost of the failure was $7.30 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.