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.
Klobuchar says Congress should pass law to protect abortion rights
Her comments came as the Supreme Court appears poised to weaken — or gut — Roe v. Wade
Police ask for public's help finding Mpls. woman missing a week
The 36-year-old hasn't been seen or heard from recently.
Hello, winter: List of the coldest wind chills in MN Monday morning
The state went from a relatively mild start of the season, to downright frigid wind chills.
1 CWD-positive deer in Brainerd Lakes area, so surveillance will continue
The CWD monitoring measures were supposed to end after this year.
MN program will train, hire 1,000 nursing assistants for long-term care
The facilities are facing a severe staffing shortage.
Minnesota State Fair reestablishes a police department
The fair had been contracting with the Ramsey County Sheriff's Office.
Minnetonka to consider removing middle school mask requirement
The school board has been impressed by vaccination rates among middle school students.
Friday winter storm could hit Twin Cities, southern Minnesota
Meteorologist Sven Sundgaard is already monitoring the forecast.
Teen student arrested for threats toward MN middle school
The Sauk Rapids middle school and high school were closed Monday.
Rally for trans child outed during Hastings school board race draws big crowd
Hastings has been in the spotlight since the child's family was featured in a CNN story.
Minneapolis police chief Medaria Arradondo to retire next month
He's overseen the MPD since mid-2017, following the killing of Justine Ruszczyk Damond
Minnesota's COVID-19 update for Monday, December 6
The latest from the state health department.
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
Bloomington bank shut by regulators starts new life Monday
The Bloomington bank that's been known as First Commercial will open its doors as part of Republic Bank & Trust on Monday. Regulators shut down the bank after closing on Friday. The FDIC arranged a sale of its assets to Republic, which is based in Louisville, Kentucky. It's Minnesota fourth bank failure this year.
Fed says Minnesota banks almost back to normal after financial crisis
An executive with the Federal Reserve Bank of Minneapolis says profits and the quality of loans held by Minnesota banks are almost back to their historical averages. Those still hurting are mainly Twin Cities area banks that invested in commercial real estate in outer-ring suburbs.
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.
St. Cloud-based bank buys failed Georgia-based bank
Stearns Bank agreed to take over Covenant Bank & Trust after regulators shut it down Friday. The nationwide tally of bank failures is now 15 for the year, including two in Minnesota.
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.
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.
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