STATE BANK OF AURORA Failed 2010

AURORA, MN · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

STATE BANK OF AURORA of AURORA, MN was closed on 2010-03-19. The FDIC was named receiver.

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

Deposits were transferred to NORTHERN STATE BANK (ASHLAND, WI). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3764
FDIC Certificate
8221
FDIC FIN
10203
Bank name
STATE BANK OF AURORA
Location
AURORA, MN
Failure date
2010-03-19
FDIC resolution date
2010-03-19
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$7M
Deposits at failure
$28M
Assets at failure
$28M
Acquiring bank
NORTHERN STATE BANK (ASHLAND, WI)