Bank failure · MN
Patriot Bank Minnesota (Forest Lake, MN) — failed January 27, 2012
Patriot Bank Minnesota of Forest Lake, Minnesota was closed on January 27, 2012 and resolved through a purchase and assumption. First Resource Bank (MN) took over its insured deposits. At failure it held $105.0M in assets and $102.8M in deposits. The FDIC's estimated loss on the failure is $35.3M (33.7% of assets).
- Closing date
- January 27, 2012
- FDIC certificate #
- 34823
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Resource Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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