YOUR GUIDE TO THE TWIN CITIES
business
Minnesota bank failures
- Updated: November 6, 2009 - 8:43 PM
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These Minnesota banks have been shut by regulators since the financial crisis began two years ago:
Bank (Location ) Assets Closing Date Acquiring Institution
First Integrity Bank (Staples) $54.7 million May 30, 2008 First International Bank
and Trust (Watford City, N.D.)
Horizon Bank (Pine City) $87.6 million June 26, 2009 Stearns Bank (St. Cloud)
Mainstreet Bank (Forest Lake) $459 million Aug. 28, 2009 Central Bank (Stillwater)
Brickwell Community Bank $72 million Sept. 11, 2009 CorTrust Bank
(Woodbury) (Mitchell, S.D.)
Jennings State Bank (Spring Grove) $56 million Oct. 2, 2009 Central Bank (Stillwater)
Riverview Community Bank (Otsego) $108 million Oct. 23, 2009 Central Bank (Stillwater)
Prosperan Bank (Oakdale) $200 million Nov. 6, 2009 Alerus Financial
(Grand Forks, N.D.)
Source: Federal Deposit Insurance Corp.- 0
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