Bank Failure
THE RIVERBANK
Closed October 7, 2011 · WYOMING, MN · FDIC Cert #10216.
- Closing date
- October 7, 2011
- Headquarters
- WYOMING, MN
- FDIC Certificate
- 10216
- Total assets at closing
- $419,723,000
- Total deposits at closing
- $384,120,000
- Estimated loss to DIF
- $71,176,000
- Resolution type
- other
- Acquirer
- CENTRAL BANK (FDIC Cert #10399)
Context
On October 7, 2011, regulators closed THE RIVERBANK, headquartered in WYOMING, MN. At closing, the institution held approximately $419,723,000 in assets and $384,120,000 in deposits. The FDIC arranged a resolution under which CENTRAL BANK acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $71,176,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 2011
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 2011-12-16 | WESTERN NATIONAL BANK | PHOENIX, AZ | $162,872,000 |
| 2011-12-16 | PREMIER COMMUNITY BANK OF THE EMERALD COAST | CRESTVIEW, FL | $125,976,000 |
| 2011-11-18 | CENTRAL PROGRESSIVE BANK | LACOMBE, LA | $383,132,000 |
| 2011-11-18 | POLK COUNTY BANK | JOHNSTON, IA | $91,580,000 |
| 2011-11-10 | COMMUNITY BANK OF ROCKMART | ROCKMART, GA | $62,383,000 |
| 2011-11-04 | SUNFIRST BANK | SAINT GEORGE, UT | $198,081,000 |
| 2011-11-04 | MID CITY BANK, INC. | OMAHA, NE | $106,075,000 |
| 2011-10-28 | ALL AMERICAN BANK | DES PLAINES, IL | $34,800,000 |
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