Bank failure Friday

February 5, 2010

Just one small bank this week it appears…


  • Failed bank: First American State Bank of Minnesota, Hancock MN
  • Acquiring bank: Community Development Bank, Ogema MN
  • Vitals: at 12/31/09, assets of $18.2 million, deposits of $16.3 million
  • Estimated DIF damage: $3.1 million
One comment

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…it isn’t 5:00 on the West Coast yet. Patience, Grasshopper…

Posted by PDXDonSmith | Report as abusive