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1st Regents Bank, Andover, MN, Closed By Regulators

January 18, 2013 By Problem Bank List Staff Leave a Comment

1st Regents Bank, Andover, MN, was closed today by the FDIC  and state regulators.  In its role as receiver, the FDIC sold the failed bank to First Minnesota Bank, Minnetonka, MN, which will assume all deposits of 1st Regents. Established in May 2001, 1st Regents was a small bank with only $50.2 million in total […]

Filed Under: Bank Failure, Banking News, Failed Banks, FDIC, featured Tagged With: 1st Regents Bank, bank failure, banking failure, banking industry, Banking News, Banks, failed bank, First Minnesota Bank

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