Bank failure · MN
Jennings State Bank (Spring Grove, MN) — failed October 2, 2009
Jennings State Bank of Spring Grove, Minnesota was closed on October 2, 2009 and resolved through a purchase and assumption. Central Bank (MN) took over its insured deposits. At failure it held $52.3M in assets and $50.8M in deposits. The FDIC's estimated loss on the failure is $18.9M (36.1% of assets).
- Closing date
- October 2, 2009
- FDIC certificate #
- 11416
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Central Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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