Skip to main content

4 of 51 U.S. bank failures were in Minnesota

  • Author:
  • Updated:
    Original:

Banks generally had a good 2012 – financial institutions nationwide ended the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008, the Associated Press reported.

Banks are earning more, lending more freely, and bank failures have declined. In 2009, 140 banks failed. In 2010, that number climbed to 157, but then dropped to 92 last year and fell to just 51 in 2012. Of those, four were in Minnesota (with date of closure and bank assets):

Patriot Bank Minnesota, Forest Lake, Jan. 27, $105 million

Home Savings of America, Little Falls, Feb. 24, $434.1 million

Inter Savings Bank, Maple Grove, April 27, $481.6 million

First Commercial Bank, Bloomington, Sept. 7, $215.9 million

Here's the AP state-by-state list of bank failures in 2012.

Next Up

FB_IMG_1668547011137

Let the good times roll

Minnesota Roller Derby is back!

StumpysGoogleMaps

Beloved restaurant in southeastern MN to close after 40 years

A final night of celebrations is scheduled for Dec. 17.

PrinsburgGoogle

MN town shelves ordinance allowing residents to sue abortion providers

Attorney General Keith Ellison advised the town to not go forward with the ordinance.

Spring Street Tavern

Man shot dead inside Minneapolis tavern is identified

The suspect is being held on probable cause murder.

Red Hot Chili Peppers

Red Hot Chili Peppers, The Strokes to play U.S. Bank Stadium in 2023

The Strokes will provide support along with King Princess.

Mall of America exterior Tyler Vigen Wikimedia COmmons

Settlement reached between MOA, family of boy thrown from balcony

The boy suffered multiple injuries that required several surgeries.

Pixabay - police crime tape do not cross stock

Body found in burned out car near Bird Island

The Renville County Sheriff's Office is investigating.

money hundred dollar bills

Chanhassen psychologist pleads guilty to $550K billing fraud

Charles Howard Jorenby, 57, pleaded guilty to one count of healthcare fraud in U.S. District Court late last month.

police lights squad car

Charges: Coon Rapids man had 25 pounds of cocaine from Mexico

Luis Javier Avila-Lopez, 38, was arrested after law enforcement seized the cocaine earlier this year.

Related

Bell Bank gives Minnesota employees a bumper bonus

The bank is celebrating reaching a financial milestone.

U.S. Bank latest bank to raise overdraft fees

U.S. Bank is bumping up overdraft fees for all its accounts beginning June 29, the Minneapolis-based bank confirmed Wednesday. The bank's new $35 overdraft fee brings it in line with the country's biggest financial institutions, including Bank of America, Huffington Post reports. Bank officials note that the 15 million-customer bank is eliminating one other fee and lowering yet another.