Failed Bank List

6 failed banks ยท 2009 to 2011

Failed banks taken over by Central Bank

Central Bank of Stillwater, Minnesota took over six failed banks between 2009 and 2011, the ninth-highest count among the 318 acquirers of that period. Together they reported $1.1 billion in assets and $1.0 billion in deposits at closing. The largest was Mainstreet Bank, at $459 million. The banks were spread over two states, most in Minnesota (5). Four of the deals came in 2009. The most recent was The RiverBank of Wyoming, on October 7, 2011. The FDIC's estimated loss on these failures totals $241 million, a median of 24% of each bank's assets.

Failed banks taken over by Central Bank, by closing date200020052010201520202025Mainstreet Bank, 2009-08-28The RiverBank, 2011-10-07Riverview Community Bank, 2009-10-23Commerce Bank of Southwest Florida, 2009-11-20Jennings State Bank, 2009-10-02Rosemount National Bank, 2011-04-15
Each circle is one failed bank, placed at its closing date; area shows total assets.
Every failed bank it took over, in date order
ClosedBankLocationTotal assetsEst. loss
August 28, 2009Mainstreet BankForest Lake, MN$459 million$89.9 million
October 2, 2009Jennings State BankSpring Grove, MN$52.3 million$18.9 million
October 23, 2009Riverview Community BankOtsego, MN$99.1 million$23.5 million
November 20, 2009Commerce Bank of Southwest FloridaFort Myers, FL$71.0 million$32.2 million
April 15, 2011Rosemount National BankRosemount, MN$21.5 million$5.4 million
October 7, 2011The RiverBankWyoming, MN$420 million$71.2 million

The FDIC names the acquirer in each failure record. This page lists what that record shows and says nothing about the acquiring bank today.