Bank failure · MN
1st Regents Bank (Andover, MN) — failed January 18, 2013
1st Regents Bank of Andover, Minnesota was closed on January 18, 2013 and resolved through a purchase and assumption. First Minnesota Bank (MN) took over its insured deposits. At failure it held $49.6M in assets and $49.1M in deposits. The FDIC's estimated loss on the failure is $12.2M (24.6% of assets).
- Closing date
- January 18, 2013
- FDIC certificate #
- 57157
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Minnesota Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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