70 failures since 1934 · $1.6 billion estimated loss
Bank failures in Minnesota
Minnesota has 70 bank failures on FDIC record since 1934, 2.0% of the national total and the 13th-highest count of any state or territory. The worst year was 1987, with 10. Since 2000 there have been 24; the most recent was Northern Star Bank on December 19, 2014. The largest by assets was Midwest Federal Savings and Loan Association of Minneapolis of Minneapolis, with $3.3 billion, in 1989.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| December 19, 2014 | Northern Star Bank | Mankato, MN | $18.8 million | $3.9 million |
| January 18, 2013 | 1st Regents Bank | Andover, MN | $49.6 million | $12.2 million |
| September 7, 2012 | First Commercial Bank | Bloomington, MN | $216 million | $65.2 million |
| April 27, 2012 | Inter Savings Bank, fsb D/B/A InterBank, fsb | Maple Grove, MN | $464 million | $79.7 million |
| February 24, 2012 | Home Savings of America | Little Falls, MN | $434 million | $43.0 million |
| January 27, 2012 | Patriot Bank Minnesota | Forest Lake, MN | $105 million | $35.3 million |
| October 7, 2011 | The RiverBank | Wyoming, MN | $420 million | $71.2 million |
| April 15, 2011 | Rosemount National Bank | Rosemount, MN | $21.5 million | $5.4 million |
| December 17, 2010 | Community National Bank | Lino Lakes, MN | $31.6 million | $5.8 million |
| July 23, 2010 | Community Security Bank | New Prague, MN | $101 million | $18.5 million |
| May 21, 2010 | Pinehurst Bank | Saint Paul, MN | $61.2 million | $8.4 million |
| May 7, 2010 | Access Bank | Champlin, MN | $32.0 million | $7.9 million |
| March 19, 2010 | State Bank of Aurora | Aurora, MN | $28.2 million | $7.0 million |
| February 5, 2010 | 1st American State Bank of Minnesota | Hancock, MN | $18.2 million | $4.5 million |
| January 29, 2010 | Marshall Bank, N.A. | Hallock, MN | $58.6 million | $1.1 million |
| January 15, 2010 | St. Stephen State Bank | St. Stephen, MN | $22.9 million | $7.7 million |
| November 6, 2009 | Prosperan Bank | Oakdale, MN | $197 million | $31.7 million |
| October 23, 2009 | Riverview Community Bank | Otsego, MN | $99.1 million | $23.5 million |
| October 2, 2009 | Jennings State Bank | Spring Grove, MN | $52.3 million | $18.9 million |
| September 11, 2009 | Brickwell Community Bank | Woodbury, MN | $72.6 million | $24.6 million |
| August 28, 2009 | Mainstreet Bank | Forest Lake, MN | $459 million | $89.9 million |
| June 26, 2009 | Horizon Bank | Pine City, MN | $84.8 million | $24.0 million |
| May 30, 2008 | First Integrity Bank, NA | Staples, MN | $52.9 million | $10.3 million |
| July 14, 2000 | Town and Country Bank of Almelund | Almelund, MN | $25.9 million | $1.4 million |
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| July 17, 1992 | State Bank of Springfield | Springfield, MN | $30.3 million | $127 thousand |
| August 9, 1991 | First Federal Savings and Loan Association of Thief River Falls | Thief River Falls, MN | $54.6 million | $2.6 million |
| November 30, 1990 | Boundary Waters State Bank | Ely, MN | $13.4 million | $1.5 million |
| May 11, 1990 | UNited Federal Savings Bank | Windom, MN | $161 million | $43.8 million |
| March 16, 1990 | Lakeland Federal Savings Bank | Detroit Lakes, MN | $79.6 million | $24.8 million |
| February 9, 1990 | Fairmont Federal Savings and Loan Association | Fairmont, MN | $46.0 million | $1.3 million |
| November 9, 1989 | The Lee State Bank | Browerville, MN | $13.4 million | $2.7 million |
| February 13, 1989 | Midwest Federal Savings and Loan Association of Minneapolis | Minneapolis, MN | $3.3 billion | $755 million |
| September 30, 1988 | Watson State Bank | Watson, MN | $13.7 million | $5.1 million |
| August 26, 1988 | Biwabik State Bank | Biwabik, MN | $3.2 million | $451 thousand |
| July 21, 1988 | The First National Bank of Blooming Prairie | Blooming Prairie, MN | $20.0 million | $2.1 million |
| April 29, 1988 | Oak Park Bank | Oak Park Heights, MN | $21.1 million | $5.9 million |
| April 8, 1988 | Citizens State Bank of Eagle Bend | Eagle Bend, MN | $10.0 million | $1.7 million |
| March 18, 1988 | Citizens State Bank of Gibbon (Incorporated) | Gibbon, MN | $15.1 million | $4.1 million |
| March 18, 1988 | State Bank of Morgan | Morgan, MN | $20.3 million | $2.2 million |
| October 2, 1987 | State Bank of Greenwald | Greenwald, MN | $23.3 million | $4.3 million |
| October 1, 1987 | Clay County State Bank | Dilworth, MN | $10.1 million | $1.1 million |
| September 11, 1987 | First State Bank of Rollingstone | Rollingstone, MN | $15.2 million | $3.0 million |
| August 21, 1987 | People's State Bank of Mazeppa | Mazeppa, MN | $21.6 million | $4.9 million |
| June 26, 1987 | Lanesboro State Bank | Lanesboro, MN | $11.4 million | $2.3 million |
| May 29, 1987 | The First National Bank of Wilmont | Wilmont, MN | $13.3 million | $2.0 million |
| May 14, 1987 | The First National Bank of Elbow Lake | Elbow Lake, MN | $14.2 million | $7.7 million |
| May 14, 1987 | Todd County State Bank | Long Prairie, MN | $15.4 million | $2.4 million |
| March 13, 1987 | Beaver Creek State Bank | Beaver Creek, MN | $7.3 million | $964 thousand |
| March 5, 1987 | First National Bank in West Concord | West Concord, MN | $9.1 million | $1.4 million |
| December 19, 1986 | Lakeland State Bank | Pequot Lakes, MN | $49.4 million | $7.0 million |
| December 4, 1986 | First National Bank of Stewartville | Stewartville, MN | $18.5 million | $980 thousand |
| November 7, 1986 | Chokio State Bank | Chokio, MN | $11.9 million | $4.9 million |
| July 11, 1986 | Farmers State Bank of Clarissa | Clarissa, MN | $17.9 million | $7.3 million |
| March 14, 1986 | Farmers and Merchants State Bank of Lamberton | Lamberton, MN | $17.1 million | $3.6 million |
| December 20, 1985 | State Bank of Frost | Frost, MN | $7.7 million | $2.0 million |
| October 18, 1985 | Farmers State Bank of Kanaranzi | Kanaranzi, MN | $3.9 million | $997 thousand |
| August 2, 1985 | Farmers State Bank of Round Lake | Round Lake, MN | $23.2 million | $7.5 million |
| June 14, 1985 | Swift County Bank | Benson, MN | $41.6 million | $8.4 million |
| May 31, 1985 | First Trust Bank of Lakefield | Lakefield, MN | $24.3 million | $9.4 million |
| February 15, 1985 | Citizens State Bank of Fulda | Fulda, MN | $39.4 million | $12.8 million |
| October 24, 1984 | State Bank of Boyd | Boyd, MN | $7.1 million | $2.8 million |
| July 19, 1984 | Guaranty State Bank of Saint Paul | St. Paul, MN | $28.6 million | $5.9 million |
| May 24, 1984 | First National Bank of Prior Lake | Prior Lake, MN | $12.2 million | $4.9 million |
| May 4, 1984 | The First National Bank of Rushford | Rushford, MN | $22.0 million | $7.3 million |
| February 9, 1983 | State Bank of Barnum | Barnum, MN | $13.9 million | $1.7 million |
| January 21, 1942 | Palisade State Bank | Palisade, MN | $91 thousand | not estimated |
| January 5, 1939 | The First National Bank of Preston | Preston, MN | $304 thousand | not estimated |
| September 2, 1938 | First State Bank | Hewitt, MN | $135 thousand | not estimated |
| October 7, 1937 | Farmers State Bank of Carlisle | Carlisle, MN | $99 thousand | not estimated |
| September 13, 1934 | Farmers State Bank of Bongards | Bongards, MN | $91 thousand | not estimated |