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 |
|---|---|---|
| Mar 31, 2011 | Northern States Montevideo Employees Credit Union | Co-Op Credit Union of Montevideo |
| Mar 19, 2011 | Rural American Bank - Braham | Frandsen Bank & Trust |
| Feb 12, 2011 | First Security Bank - Evansville | First Security Bank - Sleepy Eye |
| Jan 1, 2011 | Citizens State Bank of Kelliher | First State Bank of Bigfork |
| Jan 1, 2011 | Kelliher Bancshares, Inc. | Bigfork Bancshares, Inc. |
| Nov 1, 2010 | RBC Capital Markets Holdings (USA) Inc. | RBC USA Holdco Corporation |
| Sep 1, 2010 | City-County Federal Credit Union | Wings Financial Credit Union |
| Aug 1, 2010 | Highgrove Community Federal Credit Union | Wings Financial Credit Union |
| May 15, 2010 | Valley Bank | Frandsen Bank & Trust |
| Apr 10, 2010 | Community Bank Plymouth | KleinBank |
| Mar 1, 2010 | GCM Federal Credit Union | Unity One Credit Union |
| Jan 1, 2010 | Norco Credit Union | Ashland Credit Union |
| Dec 31, 2009 | First Minneapolis Building Corporation | U.S. Bank N.A. |
| Nov 14, 2009 | Anchor Bank Heritage, National Association | Anchor Bank, National Association |
| Nov 14, 2009 | Anchor Bank National Association | Anchor Bank, National Association |
| Oct 17, 2009 | Community Bank of the Red River Valley | Frandsen Bank & Trust |
| Oct 17, 2009 | Northern National Bank | Frandsen Bank & Trust |
| Jul 25, 2009 | Valley Bank Minnesota | Valley Bank |
| Jul 18, 2009 | EastBank | Franklin National Bank of Minneapolis |
| Jun 27, 2009 | Merchants Bank, N.A. | Merchants Bank, N.A. |
| Jun 27, 2009 | Merchants Bank, National Association | Merchants Bank, N.A. |
| Apr 4, 2009 | The First National Bank of Brewster | Rolling Hills Bank & Trust |
| Mar 31, 2009 | Fort Snelling Federal Credit Union | Hiway Credit Union |
| Mar 21, 2009 | State Bank of Tower | Queen City Federal Savings Bank |
| Jan 1, 2009 | Real Financial Credit Union | Royal Credit Union |
| Jan 1, 2009 | Edina Schools Credit Union | West Metro Schools Credit Union |
| Dec 31, 2008 | First Security Usb GP, Inc. | U.S. Bank N.A. |
| Dec 31, 2008 | U.S. Bancorp Card Services, Inc. | U.S. Bank N.A. |
| Nov 30, 2008 | Capital Trust Federal Credit Union | Saint Paul Federal Credit Union |
| Nov 29, 2008 | First Independent Bank of Wood Lake | First Independent Bank |
| Nov 15, 2008 | Anchor Bank Farmington, N.A. | Anchor Bank, National Association |
| Oct 1, 2008 | Headwaters Federal Credit Union | Trustar Federal Credit Union |
| Aug 16, 2008 | First National Bank of Montgomery | Frandsen Bank & Trust |
| Aug 9, 2008 | Ridgedale State Bank | Highland Bank |
| Jul 14, 2008 | First Security Bank - Renville | First Security Bank - Sleepy Eye |
| Mar 31, 2008 | University Lutheran Church of Hope Credit Union | Blaze Credit Union |
| Mar 31, 2008 | American Savings, Inc. | Roundbank |
| Mar 22, 2008 | Lake Country State Bank | Minnesota National Bank |
| Mar 15, 2008 | Minnwest Bank Ortonville | Minnwest Bank Central |
| Mar 8, 2008 | First Community Bank | KleinBank |
| Mar 8, 2008 | Security State Bank of Maple Lake | First Bank Elk River |
| Jan 1, 2008 | Anoka County Federal Credit Union | Anoka Hennepin Credit Union |
| Nov 3, 2007 | The First National Bank of Pine City | Rural American Bank - Braham |
| Oct 1, 2007 | Hardwick State Bank | Exchange State Bank |
| Sep 21, 2007 | Merchants Bank, National Association | Merchants Bank, N.A. |
| Sep 21, 2007 | The First National Bank in Cannon Falls | Merchants Bank, N.A. |
| Sep 21, 2007 | Jerema, Inc. | Merchants Financial Group, Inc. |
| Sep 1, 2007 | Minnesota's Credit Union | Oak Trust Credit Union |
| Aug 1, 2007 | Excel Bank Minnesota | M&I Marshall and Ilsley Bank |
| Jul 1, 2007 | Excel Bank Corporation | M&I LLC |
The list holds the 500 most recent of 1,154 mergers.