Bank Branches › Closed and merged banks › South Dakota › Stockholm State Bank
What happened to Stockholm State Bank?
Stockholm State Bank in Stockholm, SD failed, and Community State Bank of Stockholm of Milbank, SD took it over on Mar 27, 1986. After 1 more change of hands, what was Stockholm State Bank is today part of First Bank & Trust (Brookings, SD).
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.
- 1907Stockholm State Bank opens in Stockholm, SD
- Mar 27, 1986FAILEDStockholm State Bank failed, and Community State Bank of Stockholm of Milbank, SD took it over.FDIC certificate 9951 ends; its business continues under certificate 26638.
- Aug 15, 2015MERGEDCommunity State Bank of Stockholm (by then renamed First Bank & Trust of Milbank) of Milbank, SD merged into First Bank & Trust of Brookings, SD.FDIC certificate 26638 ends; its business continues under certificate 3973.
- TodayOPEN
First Bank & TrustMain office Brookings, SD · FDIC certificate 3973 · 22 offices in 2 states on June 30, 2026Every First Bank & Trust office → Website on file with the FDIC: www.bankeasy.com
If you still have something from Stockholm State Bank
A lien that was never released
Stockholm State Bank failed on Mar 27, 1986. 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 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, Community State Bank of Stockholm). Start with First Bank & Trust, and ask them to search under the name Stockholm State Bank.
This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.
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 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 9951 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.