Bank failure · MN
The Riverbank (Wyoming, MN) — failed October 7, 2011
The Riverbank of Wyoming, Minnesota was closed on October 7, 2011 and resolved through a purchase and assumption. Central Bank (MN) took over its insured deposits. At failure it held $419.7M in assets and $384.1M in deposits. The FDIC's estimated loss on the failure is $71.2M (17.0% of assets).
- Closing date
- October 7, 2011
- FDIC certificate #
- 10216
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Central Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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