Bank failure · MN
Northern Star Bank (Mankato, MN) — failed December 19, 2014
Northern Star Bank of Mankato, Minnesota was closed on December 19, 2014 and resolved through a purchase and assumption. Bankvista (MN) took over its insured deposits. At failure it held $18.8M in assets and $18.2M in deposits. The FDIC's estimated loss on the failure is $3.9M (21.0% of assets).
- Closing date
- December 19, 2014
- FDIC certificate #
- 34983
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- BankVista
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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