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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).

70
Failures
1,154
Mergers
333
Enforcement
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Bank Directory
All Minnesota banks

Failures in Minnesota

Date Bank City Assets Acquirer or resolution
Dec 4, 1986 First National Bank of Stewartville Stewartville $18.5M Marquette Bank Rochester
Nov 7, 1986 Chokio State Bank Chokio $11.9M First State Bank Chokio
Jul 11, 1986 Farmers State Bank of Clarissa Clarissa $17.9M First STB of Rush City
Mar 14, 1986 Farmers & Merchants St BK of Lamberton Lamberton $17.1M American Bank Mankato
Dec 20, 1985 State Bank of Frost Frost $7.7M Frost State Bank
Oct 18, 1985 Farmers State Bank of Kanaranzi Kanaranzi $3.9M Citizens STB of Silver L
Aug 2, 1985 Farmers State Bank of Round Lake Round Lake $23.2M Farmers STB of Mountain
Jun 14, 1985 Swift County Bank Benson $41.6M First Security STB Sleep
May 31, 1985 First Trust Bank of Lakefield Lakefield $24.3M Fulda State Bank
Feb 15, 1985 Citizens State Bank of Fulda Fulda $39.4M Fulda State Bank
Oct 24, 1984 State Bank of Boyd Boyd $7.1M State Bank of Madison
Jul 19, 1984 The Guaranty BK of Saint Paul St. Paul $28.6M Shelard National Bank
May 24, 1984 First Nat BK of Prior Lake Prior Lake $12.2M First NB of Shakopee
May 4, 1984 The First Nat BK of Rushford Rushford $22.0M Goodhue CNTY NB of Red W
Feb 9, 1983 State Bank of Barnum Barnum $13.9M —
Jan 21, 1942 Palisade State Bank Palisade $91K —
Jan 5, 1939 The First National Bank of Preston Preston $304K —
Sep 2, 1938 First State Bank Hewitt $135K —
Oct 7, 1937 Farmers State Bank of Carlisle Carlisle $99K —
Sep 13, 1934 Farmers State Bank of Bongards Bongards $91K —

Mergers & Acquisitions involving Minnesota banks

Date Acquired (MN) Acquirer
Jul 1, 2005 Rural American Bank - Ada Community Bank of the Red River Valley
Jun 1, 2005 First State Bank of Audubon Bell Bank
May 31, 2005 U.S. Bancorp Online Services, Inc. U.S. Bank N.A.
May 31, 2005 First Building Corporation U.S. Bank N.A.
May 16, 2005 CNB, Inc. Security State Bank Holding Company
Apr 30, 2005 Sandstone F C I Federal Credit Union Greater Minnesota Credit Union
Apr 3, 2005 State Bank of Young America KleinBank
Apr 3, 2005 The First National Bank of Waconia KleinBank
Apr 3, 2005 First National Bank in Montevideo KleinBank
Apr 3, 2005 The Oakley National Bank of Buffalo KleinBank
Apr 3, 2005 The Klein National Bank of Madison KleinBank
Apr 3, 2005 First National Bank of Chaska KleinBank
Apr 3, 2005 Victoria State Bank KleinBank
Apr 3, 2005 State Bank of Chanhassen KleinBank
Apr 1, 2005 Valley Bank Dundas Frandsen Bank & Trust
Jan 2, 2005 Western Bancorporation, Inc. Western Bancorporation, Inc.
Jan 1, 2005 Frandsen Technology Center Frandsen Financial Corporation
Jan 1, 2005 Clarkfield Holding Company Independent Bancshares, Inc.
Dec 31, 2004 Duluth News Tribune Employees Credit Union Minnesota Power Employees Credit Union
Nov 22, 2004 Americana National Bank American Bank of St. Paul
Nov 20, 2004 Nobles Agency, Inc. First National Bancorp, Inc.
Nov 1, 2004 MidCountry Bank Midcountry Bank
Nov 1, 2004 Century Diversified Federal Credit Union Hbi Employees Credit Union
Nov 1, 2004 Rural American Bank-Montgomery/Lonsdale Frandsen Bank & Trust
Oct 20, 2004 Buhl Bancorporation, Inc. Timberland Bancorp
Oct 9, 2004 Raymond Bancshares, Inc. Heritage Bancshares Group, Inc.
Oct 9, 2004 Farmers' State Bank of Raymond Heritage Bank, N.A.
Sep 3, 2004 State Bank of Loretto 21st Century Bank
Aug 14, 2004 Servus Financial Corporation Ibid, Inc.
Jul 28, 2004 Van Deusen Bancorp, Inc. Van Deusen Bancorp, Inc.
Jul 24, 2004 First National Bank of Hinckley First National Bank of the North
Jun 30, 2004 West Suburban Columbus Credit Union Peoples Community Credit Union
Jun 30, 2004 T-C Japanese American Citizens League Credit Union National J.A.C.L. Credit Union
May 1, 2004 Ellsworth State Bank Exchange State Bank
May 1, 2004 Ellsworth Bancshares, Inc. Larch Bancorporation, Inc.
Apr 30, 2004 Argyle Financial Services, Inc. First Holding Company of Cavalier, Inc.
Apr 30, 2004 Piper Capital Management Incorporated U.S. Bancorp
Apr 21, 2004 First State Agency of Lake Lillian, Inc. Forstrom Bancorporation, Inc.
Apr 16, 2004 Wells Fargo Services Company Wells Fargo Bank, N.A.
Mar 30, 2004 Wood Lake Bancorporation Finlayson Bancshares, Inc.
Feb 20, 2004 Wells Fargo Bank Minnesota, National Association Wells Fargo Bank, N.A.
Feb 14, 2004 First State Bank of Floodwood Northview Bank
Feb 7, 2004 First National Bank of Luverne First Bank & Trust, National Association
Jan 20, 2004 Primo Financial Services, Inc. Merchants Financial Group, Inc.
Jan 2, 2004 Usb Services, Inc. U.S. Bank N.A. ND
Jan 1, 2004 Wabasha County Bank Bank of Alma
Oct 25, 2003 The Martin County National Bank of Fairmont Profinium, Inc.
Oct 11, 2003 Liberty State Bank First Federal Capital Bank
Oct 9, 2003 Floodwood Agency, Inc. Finlayson Bancshares, Inc.
Sep 30, 2003 Eau Claire Financial Services, Inc. Alliance Financial Services, Inc.

The list holds the 500 most recent of 1,154 mergers.

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