Bank failure · MN
State Bank of Aurora (Aurora, MN) — failed March 19, 2010
State Bank of Aurora of Aurora, Minnesota was closed on March 19, 2010 and resolved through a purchase and assumption. Northern State Bank (WI) took over its insured deposits. At failure it held $28.2M in assets and $27.8M in deposits. The FDIC's estimated loss on the failure is $7.0M (24.9% of assets).
- Closing date
- March 19, 2010
- FDIC certificate #
- 8221
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Northern State Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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