PATRIOT BANK MINNESOTA Failed 2012

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

What happened

PATRIOT BANK MINNESOTA of FOREST LAKE, MN was closed on 2012-01-27. The FDIC was named receiver.

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

Deposits were transferred to FIRST RESOURCE BANK (SAVAGE, MN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3988
FDIC Certificate
34823
FDIC FIN
10422
Bank name
PATRIOT BANK MINNESOTA
Location
FOREST LAKE, MN
Failure date
2012-01-27
FDIC resolution date
2012-01-27
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.)
$35M
Deposits at failure
$103M
Assets at failure
$105M
Acquiring bank
FIRST RESOURCE BANK (SAVAGE, MN)