# ST. STEPHEN STATE BANK

> **Failed bank** · ST. STEPHEN, MN · failed 2010-01-15 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $8M

## What happened

ST. STEPHEN STATE BANK of ST. STEPHEN, MN was closed by regulators on **2010-01-15**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST STATE BANK OF ST. JOSEPH** (ST. JOSEPH, MN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3736
- **FDIC Certificate:** 17522
- **FDIC FIN:** 10169
- **Bank name:** ST. STEPHEN STATE BANK
- **Location:** ST. STEPHEN, MN
- **Failure date:** 2010-01-15
- **FDIC resolution date:** 2010-01-15
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $8M
- **Deposits at failure:** $24M
- **Assets at failure:** $23M
- **Acquiring bank:** FIRST STATE BANK OF ST. JOSEPH (ST. JOSEPH, MN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=ST.%20STEPHEN%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ST. STEPHEN STATE BANK (FDIC ID 3736), failed 2010-01-15. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3736.

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