Bank Failure
STATE BANK OF AURORA
Closed March 19, 2010 · AURORA, MN · FDIC Cert #8221.
- Closing date
- March 19, 2010
- Headquarters
- AURORA, MN
- FDIC Certificate
- 8221
- Total assets at closing
- $28,159,000
- Total deposits at closing
- $27,801,000
- Estimated loss to DIF
- $7,026,000
- Resolution type
- other
- Acquirer
- NORTHERN STATE BANK (FDIC Cert #10203)
Context
On March 19, 2010, regulators closed STATE BANK OF AURORA, headquartered in AURORA, MN. At closing, the institution held approximately $28,159,000 in assets and $27,801,000 in deposits. The FDIC arranged a resolution under which NORTHERN STATE BANK acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $7,026,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 2010
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 2010-12-17 | THE BANK OF MIAMI | CORAL GABLES, FL | $448,150,000 |
| 2010-12-17 | CHESTATEE STATE BANK | DAWSONVILLE, GA | $244,376,000 |
| 2010-12-17 | UNITED AMERICAS BANK | ATLANTA, GA | $242,339,000 |
| 2010-12-17 | FIRST SOUTHERN BANK | BATESVILLE, AR | $191,764,000 |
| 2010-12-17 | APPALACIAN COMMUNITY BANK, F.S.B. | MCCAYSVILLE, GA | $68,201,000 |
| 2010-12-17 | COMMUNITY NATIONAL BANK | LINO LAKES, MN | $31,569,000 |
| 2010-12-10 | PARAMOUNT BANK | FARMINGTON HILLS, MI | $252,744,000 |
| 2010-12-10 | EARTHSTAR BANK | SOUTHAMPTON, PA | $112,643,000 |
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