Northern Star Bank, Mankato, MN, Becomes 18th Bank Failure of 2014

State regulators swooped in today to close the Northern Star Bank, Mankato, Minnesota.  After closing the Bank, the Minnesota Department of Commerce appointed the FDIC as receiver.  The FDIC in turn sold the failed bank to BankVista, Sartell, MN, under a purchase and assumption agreement. Northern Star Bank has been under regulatory scrutiny for years […]