Bank failure · MN
Riverview Community Bank (Ostego, MN) — failed October 23, 2009
Riverview Community Bank of Ostego, Minnesota was closed on October 23, 2009 and resolved through a purchase and assumption. Central Bank (MN) took over its insured deposits. At failure it held $99.1M in assets and $75.0M in deposits. The FDIC's estimated loss on the failure is $23.5M (23.7% of assets).
- Closing date
- October 23, 2009
- FDIC certificate #
- 57525
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Central Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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