THE RIVERBANK Failed 2011
What happened
THE RIVERBANK of WYOMING, MN was closed on 2011-10-07. 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
- 3965
- FDIC Certificate
- 10216
- FDIC FIN
- 10399
- Bank name
- THE RIVERBANK
- Location
- WYOMING, MN
- Failure date
- 2011-10-07
- FDIC resolution date
- 2011-10-07
- 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.)
- $71M
- Deposits at failure
- $384M
- Assets at failure
- $420M
- Acquiring bank
- CENTRAL BANK (STILLWATER, MN)
Other banks CENTRAL BANK acquired in FDIC resolutions