1ST REGENTS BANK Failed 2013

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

What happened

1ST REGENTS BANK of ANDOVER, MN was closed on 2013-01-18. The FDIC was named receiver.

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

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

Key facts

FDIC ID
4035
FDIC Certificate
57157
FDIC FIN
10469
Bank name
1ST REGENTS BANK
Location
ANDOVER, MN
Failure date
2013-01-18
FDIC resolution date
2013-01-18
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.)
$12M
Deposits at failure
$49M
Assets at failure
$50M
Acquiring bank
FIRST MINNESOTA BANK (MINNETONKA, MN)