ROSEMOUNT NATIONAL BANK Failed 2011
What happened
ROSEMOUNT NATIONAL BANK of ROSEMOUNT, MN was closed on 2011-04-15. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTRAL BANK (STILLWATER, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3923
- FDIC Certificate
- 24099
- FDIC FIN
- 10357
- Bank name
- ROSEMOUNT NATIONAL BANK
- Location
- ROSEMOUNT, MN
- Failure date
- 2011-04-15
- FDIC resolution date
- 2011-04-15
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $21M
- Assets at failure
- $21M
- Acquiring bank
- CENTRAL BANK (STILLWATER, MN)
Other banks CENTRAL BANK acquired in FDIC resolutions