State Hub
Bank Events in Minnesota
Every FDIC-insured bank failure, merger or acquisition involving a bank, credit union or bank holding company, and regulatory enforcement action affecting banks headquartered in Minnesota (MN).
Failures in Minnesota
| Date | Bank | Assets |
|---|---|---|
| Dec 4, 1986 | First National Bank of Stewartville | $18.5M |
| Nov 7, 1986 | Chokio State Bank | $11.9M |
| Jul 11, 1986 | Farmers State Bank of Clarissa | $17.9M |
| Mar 14, 1986 | Farmers & Merchants St BK of Lamberton | $17.1M |
| Dec 20, 1985 | State Bank of Frost | $7.7M |
| Oct 18, 1985 | Farmers State Bank of Kanaranzi | $3.9M |
| Aug 2, 1985 | Farmers State Bank of Round Lake | $23.2M |
| Jun 14, 1985 | Swift County Bank | $41.6M |
| May 31, 1985 | First Trust Bank of Lakefield | $24.3M |
| Feb 15, 1985 | Citizens State Bank of Fulda | $39.4M |
| Oct 24, 1984 | State Bank of Boyd | $7.1M |
| Jul 19, 1984 | The Guaranty BK of Saint Paul | $28.6M |
| May 24, 1984 | First Nat BK of Prior Lake | $12.2M |
| May 4, 1984 | The First Nat BK of Rushford | $22.0M |
| Feb 9, 1983 | State Bank of Barnum | $13.9M |
| Jan 21, 1942 | Palisade State Bank | $91K |
| Jan 5, 1939 | The First National Bank of Preston | $304K |
| Sep 2, 1938 | First State Bank | $135K |
| Oct 7, 1937 | Farmers State Bank of Carlisle | $99K |
| Sep 13, 1934 | Farmers State Bank of Bongards | $91K |
Mergers & Acquisitions involving Minnesota banks
| Date | Acquired (MN) | Acquirer |
|---|---|---|
| Sep 27, 2023 | The Gary State Bank | Ultima Bank Minnesota |
| Aug 19, 2023 | Boundary Waters Bank | Highland Bank |
| Mar 25, 2023 | State Bank of Wheaton | FM Bank |
| Nov 10, 2022 | Lake Area Bank | First Resource Bank |
| Oct 15, 2022 | Bank of Zumbrota | Frandsen Bank & Trust |
| Oct 8, 2022 | Premier Bank Rochester | Premier Bank Minnesota |
| Oct 1, 2022 | Financial One Credit Union | Magnifi Financial Credit Union |
| Sep 17, 2022 | Pine Island Bank | Frandsen Bank & Trust |
| Sep 17, 2022 | Minnesota Bank & Trust | HTLF Bank |
| Aug 1, 2022 | Josten Employees Credit Union | Home Town Federal Credit Union |
| Jul 23, 2022 | Maple Financial Holding Company | First Bancshares, Inc., of Cold Spring |
| Jul 23, 2022 | Maple Bank | Granite Bank |
| Jun 1, 2022 | Wadena Federal Credit Union | Mid Minnesota Federal Credit Union |
| May 28, 2022 | Citizens State Bank of Tyler, Incorporated | First Independent Bank |
| Apr 1, 2022 | Northern Energy Federal Credit Union | Minnesota Valley Federal Credit Union |
| Apr 1, 2022 | White Earth Reservation Federal Credit Union | Affinity Plus Federal Credit Union |
| Apr 1, 2022 | Hbi Employees Credit Union | Blaze Credit Union |
| Mar 31, 2022 | The Tysan Corporation | Midcountry Acquisition Corp. |
| Dec 31, 2021 | Progrowth Financial Services, Inc. | Progressive Growth Corp. |
| Dec 31, 2021 | Progressive Service Corp. | Progressive Growth Corp. |
| Dec 31, 2021 | Synectic Solutions, Inc. | Progressive Growth Corp. |
| Dec 19, 2021 | Wells Fargo Insurance, Inc. | Wells Fargo & Company |
| Dec 11, 2021 | United Southwest Bank | First Independent Bank |
| Dec 6, 2021 | McGregor Banco, Inc. | Midcountry Acquisition Corp. |
| Dec 4, 2021 | Tripoli Bancshares, Inc. | Readlyn Bancshares, Inc. |
| Nov 30, 2021 | Northfield Bancshares, Inc. | Midcountry Acquisition Corp. |
| Nov 30, 2021 | J & B Financial Holdings, Inc. | Midcountry Acquisition Corp. |
| Nov 20, 2021 | Roundbank | Minnwest Bank |
| Nov 1, 2021 | Midland Cooperative Credit Union | Blaze Credit Union |
| Sep 18, 2021 | Farmers and Merchants State Bank of Blooming Prairie | Manufacturers Bank & Trust Company |
| Sep 18, 2021 | Citizens State Bank of Hayfield | Manufacturers Bank & Trust Company |
| Sep 1, 2021 | Otter Tail Credit Union | Greater Community Credit Union |
| Sep 1, 2021 | Central Hanna Employees Credit Union | Blaze Credit Union |
| Jul 31, 2021 | Union State Bank of Browns Valley | Prairie Sun Bank |
| Jul 1, 2021 | Ae Goetze Employees Credit Union | First Alliance Credit Union |
| Jul 1, 2021 | Saint Thomas Employee Federal Credit Union | Catholic United Financial Credit Union |
| Jun 26, 2021 | F & M Bank Minnesota | FM Bank |
| Jun 26, 2021 | Security State Bank of Fergus Falls | FM Bank |
| May 22, 2021 | American Bank of the North | Park State Bank |
| May 22, 2021 | The Lake Bank | Park State Bank |
| May 1, 2021 | Eagle Community Bank | Falcon National Bank |
| Apr 1, 2021 | Diversified Credit Union | Blaze Credit Union |
| Mar 20, 2021 | Northern Sky Bank | United Valley Bank |
| Jan 23, 2021 | Ormsby State Bank | Citizens Bank Minnesota |
| Jan 1, 2021 | Firefly Federal Credit Union | Trustone Financial Credit Union |
| May 16, 2020 | The First National Bank of Northfield | Merchants Bank, N.A. |
| Apr 18, 2020 | State Bank of Belle Plaine | First National Bank Minnesota |
| Apr 18, 2020 | Farmers State Bank of Watkins | Citizens Bank Minnesota |
| Feb 1, 2020 | Northern Eagle Federal Credit Union | Embarrass Vermillion Federal Credit Union |
| Jan 15, 2020 | Citizens State Bank of Glenville | Produce State Bank |
The list holds the 500 most recent of 1,154 mergers.