Bank failure · MN

Inter Savings Bank, FSB D/B/A/ Interbank, FSB (Maple Grove, MN) — failed April 27, 2012

Inter Savings Bank, FSB D/B/A/ Interbank, FSB of Maple Grove, Minnesota was closed on April 27, 2012 and resolved through a purchase and assumption. Great Southern Bank (MI) took over its insured deposits. At failure it held $463.8M in assets and $458.1M in deposits. The FDIC's estimated loss on the failure is $79.7M (17.2% of assets).