Bank Failure
Northern Star Bank
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Closed December 19, 2014 · Mankato, MN · FDIC Cert #34983.
- Closing date
- December 19, 2014
- Headquarters
- Mankato, MN
- FDIC Certificate
- 34983
- Total assets at closing
- $18.8M
- Total deposits at closing
- $18.2M
- Estimated loss to the insurance fund
- $3.9M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Bankvista
Context
On December 19, 2014, regulators closed Northern Star Bank, headquartered in Mankato, MN. At closing, the institution held approximately $18.8M in assets and $18.2M in deposits. The FDIC record names Bankvista as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $3.9M.
By assets at closing this is the 2388th largest of the 3,526 bank failures in the FDIC record, and the 18th of 18 in 2014. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Northern Star Bank fail?
Northern Star Bank was closed by regulators on December 19, 2014.
Who acquired Northern Star Bank?
The FDIC record names Bankvista as the acquiring institution in the resolution of Northern Star Bank.
How big was Northern Star Bank when it failed?
Northern Star Bank had approximately $18.8M in total assets and $18.2M in deposits at the time of failure.
Other failures in 2014
| Date | Bank | Assets |
|---|---|---|
| Nov 7, 2014 | Frontier Bank, FSB | $80.7M |
| Oct 24, 2014 | The National Republic Bank of Chicago | $843.1M |
| Oct 17, 2014 | NBRS Financial Bank | $155.4M |
| Jul 25, 2014 | Greenchoice Bank, FSB | $70.3M |
| Jul 18, 2014 | Eastside Commercial Bank | $173.9M |
| Jun 27, 2014 | The Freedom State Bank | $22.8M |
| Jun 20, 2014 | Valley Bank | $456.4M |
| Jun 20, 2014 | Valley Bank | $81.8M |
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