NORTHERN STAR BANK Failed 2014

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

What happened

NORTHERN STAR BANK of MANKATO, MN was closed on 2014-12-19. The FDIC was named receiver.

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

Deposits were transferred to BANKVISTA (SARTELL, MN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4075
FDIC Certificate
34983
FDIC FIN
10509
Bank name
NORTHERN STAR BANK
Location
MANKATO, MN
Failure date
2014-12-19
FDIC resolution date
2014-12-19
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.)
$4M
Deposits at failure
$18M
Assets at failure
$19M
Acquiring bank
BANKVISTA (SARTELL, MN)