Bank Branches › Closed and merged banks › Minnesota › Peoples State Bank of Frazee
What happened to Peoples State Bank of Frazee?
Peoples State Bank of Frazee in Frazee, MN merged into First Integrity Bank of Staples, MN on Aug 7, 1992. After 1 more change of hands, what was Peoples State Bank of Frazee is today part of First International Bank & Trust (Watford City, ND).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1905Peoples State Bank of Frazee opens in Frazee, MN
- Aug 7, 1992MERGEDPeoples State Bank of Frazee merged into First Integrity Bank of Staples, MN.FDIC certificate 8834 ends; its business continues under certificate 12736.
- May 30, 2008FAILEDFirst Integrity Bank (by then renamed First Integrity Bank, National Association) of Staples, MN failed, and First International Bank & Trust of Watford City, ND took it over.FDIC certificate 12736 ends; its business continues under certificate 10248.
- TodayOPEN
First International Bank & TrustMain office Watford City, ND · FDIC certificate 10248 · 28 offices in 4 states on June 30, 2026Every First International Bank & Trust office → Website on file with the FDIC: www.fibt.com
If you still have something from Peoples State Bank of Frazee
A lien that was never released
First Integrity Bank, National Association failed on May 30, 2008. For a failed bank placed in FDIC receivership, the FDIC may be able to issue the lien release, if the loan was paid off to the bank before it failed or to the FDIC afterward. The FDIC says that where a failed bank had an acquirer, its records in most cases went to that acquirer. Here the chain from the acquirer leads to First International Bank & Trust, which is worth asking too.
Requests go through the FDIC Information and Support Center with the recorded mortgage or title, and proof of payoff. The FDIC says to allow 30 business days once it has every document, and does not take requests by phone or email. Questions: FDIC Resolution Inquiries, 888-206-4662, 8am–4pm Central on weekdays.
An old account, passbook or CD
When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, First International Bank & Trust). Start with First International Bank & Trust, and ask them to search under the name Peoples State Bank of Frazee.
For failures since mid-1993 the law sets a clock: insured deposits not claimed within 18 months of the FDIC starting to pay depositors are offered to the state of the depositor's last known address on the bank's records. If the state takes them, the owner has 10 years to claim there before the money returns to the FDIC. Check FDIC unclaimed funds search and that state's unclaimed-property program.
A safe deposit box
The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. Today, ask First International Bank & Trust. A box abandoned for years may have been turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 8834 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.