# PATRIOT BANK MINNESOTA

> **Failed bank** · FOREST LAKE, MN · failed 2012-01-27 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $35M

## What happened

PATRIOT BANK MINNESOTA of FOREST LAKE, MN was closed by regulators 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
- **Estimated FDIC DIF cost:** $35M
- **Deposits at failure:** $103M
- **Assets at failure:** $105M
- **Acquiring bank:** FIRST RESOURCE BANK (SAVAGE, MN)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PATRIOT BANK MINNESOTA (FDIC ID 3988), failed 2012-01-27. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/3988.

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