Bank Failure
Inter Savings Bank, FSB D/b/a/ Interbank, FSB
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Closed April 27, 2012 · Maple Grove, MN · FDIC Cert #31495.
- Closing date
- April 27, 2012
- Headquarters
- Maple Grove, MN
- FDIC Certificate
- 31495
- Total assets at closing
- $463.8M
- Total deposits at closing
- $458.1M
- Estimated loss to the insurance fund
- $79.7M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Great Southern Bank
Context
On April 27, 2012, regulators closed Inter Savings Bank, FSB D/b/a/ Interbank, FSB, headquartered in Maple Grove, MN. At closing, the institution held approximately $463.8M in assets and $458.1M in deposits. The FDIC record names Great Southern Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $79.7M.
By assets at closing this is the 394th largest of the 3,526 bank failures in the FDIC record, and the 6th of 51 in 2012. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Inter Savings Bank, FSB D/b/a/ Interbank, FSB fail?
Inter Savings Bank, FSB D/b/a/ Interbank, FSB was closed by regulators on April 27, 2012.
Who acquired Inter Savings Bank, FSB D/b/a/ Interbank, FSB?
The FDIC record names Great Southern Bank as the acquiring institution in the resolution of Inter Savings Bank, FSB D/b/a/ Interbank, FSB.
How big was Inter Savings Bank, FSB D/b/a/ Interbank, FSB when it failed?
Inter Savings Bank, FSB D/b/a/ Interbank, FSB had approximately $463.8M in total assets and $458.1M in deposits at the time of failure.
Other failures in 2012
| Date | Bank | Assets |
|---|---|---|
| Dec 14, 2012 | Community Bank of the Ozarks | $42.8M |
| Nov 16, 2012 | Hometown Communitybank | $124.6M |
| Nov 2, 2012 | Citizens First National Bank | $924.0M |
| Nov 2, 2012 | Heritage Bank of Florida | $225.5M |
| Oct 26, 2012 | Nova Bank | $444.7M |
| Oct 19, 2012 | Excel Bank | $186.1M |
| Oct 19, 2012 | Gulfsouth Private Bank | $139.4M |
| Oct 19, 2012 | First East Side Savings Bank | $65.7M |
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