Banks on watch list still at record high

Only two banks in Minnesota have failed so far this year, but officials are still keeping a close eye on a record number of them. More than a third of FDIC-insured banks in Minnesota are on the watch list.
Author:
Updated:
Original:

Only two banks in Minnesota have failed so far this year, but officials are still keeping a close eye on a record number of them. More than a third of FDIC-insured banks in Minnesota are on the watch list.

Next Up

Screen Shot 2021-04-12 at 8.27.03 AM

Calls for quick release of bodycam footage in police killing of Daunte Wright

The ACLU-MN is among the groups calling for full transparency.

Sean Sutherlin

Gophers land New Hampshire transfer guard Sean Sutherlin

The former Irondale standout is a gifted rebounding guard.

street racing lowry hill tunnel

Street racers shut down Lowry Hill Tunnel in Minneapolis on Sunday

The incident was reported early Sunday morning; no arrests have been made.

Image from iOS (1)

Fatal police shooting sparks civil unrest in Brooklyn Center

A robust presence of police and National Guard will be seen Monday.

police tape, crime scene

Two men die after being found shot in south Minneapolis

It followed a crash in the Phillips neighborhood.

Screen Shot 2021-04-11 at 10.57.19 PM

Flash bangs, tear gas used amid chaotic scenes following fatal police shooting

A crowd had gathered outside Brooklyn Center Police Department following the death of Daunte Wright.

Babatunde Aiyegbusi / Apollo Crews

Former Viking Babatunde Aiyegbusi makes a splash at WrestleMania

The former lineman was part of a big Minnesota presence at WrestleMania weekend.

Image from iOS (3)

Man shot dead by police during incident in Brooklyn Center

This story will be updated as information becomes available.

Bonfire

Three men airlifted to a hospital after bonfire mishap

Two others were treated for injuries at a local hospital.

Rocco Baldelli

Twins allow 8 unanswered runs to drop series to Mariners

Seattle scored eight unanswered runs to defeat the Twins 8-6.

carbon monoxide

Six hospitalized with CO poisoning in St. Paul

Children were among those requiring treatment.

covid, vaccine

Here is Minnesota's COVID-19 update for Sunday, April 11

The latest figures from the Minnesota Department of Health.

Related

Feds close Minnesota bank

The FDIC shutdown Patriot Bank in Forest Lake Friday. First Resource Bank in Savage agreed to take over the assets and deposits from the failed Minnesota bank. There have been seven U.S. bank failures in 2012. Patriot Bank is the first to fail in Minnesota this year.

FDIC closes Bloomington's First Commercial Bank

The Federal Deposit Insurance Corp. seized Bloomington-based First Commercial Bank, making it the fourth federally insured institution in Minnesota to fail this year. So far in 2012, 41 banks have failed nationwide. A Kentucky-based bank and trust company will assume First Commercial's deposits and purchase essentially all of the failed bank's assets

Mbakwe on preseason watch list

University of Minnesota basketball star Trevor Mbakwe has been named to the preseason watch list for the John R. Wooden award, given to the best player in the country. Mbakwe blossomed this summer during the World University Games in China.

FDIC shuts down Little Falls-based bank

Regulators closed Home Savings of America in Minnesota, including two branches in California. Customers will receive checks in the mail for the amount of their insured deposits. The FDIC could not find another financial institution to take it over. Loan customers are suppose to continue making their payments as usual.

FDIC shutters another Minnesota bank

Maple Grove-based InterBank was among four banks in three states closed by federal regulators Friday. Great Southern Bank based in Missouri will taken over InterBanks's four branches in the Twin Cities metro starting Monday. The FDIC has now closed 21 failed U.S. banks this year.

Wyoming, Minn. bank fails, is acquired by Central Bank of Stillwater

The RiverBank had been losing money since 2009 and regulators considered it undercapitalized. Its six branches are now part of Central Bank, which has acquired several failed banks over the last two years.

St. Cloud-based Stearns Bank buys Georgia banking company

St. Cloud-based Stearns Bank purchased all of the assets of the three-branch Jasper Banking Co. of Jasper, Ga., after regulators shut the bank down Friday, according to the Federal Deposit Insurance Corp. Since 2008, Stearns has purchased eight failed banks in government-assisted sales.

Tobacco compliance reaches record high

The Minnesota Department of Human Services reports 97.6 percent of retailers checked selling tobacco products are following underage tobacco laws. In order to receive federal funding for prevention and treatment efforts, Minnesota is required to have a least an 80 percent compliance rate. During the 12-month survey, law enforcement agencies issued about 600 citations to store owners.