Data / Bank failures / 2012 / Patriot Bank Minnesota
Patriot Bank Minnesota, Forest Lake, MN: failed January 27, 2012
Patriot Bank Minnesota in Forest Lake, Minnesota, failed on January 27, 2012. First Resource Bank of Savage, MN, took over its deposits. It held $105 million in assets and $102.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $35.3 million (33.7% of its assets). By assets it was the 34th largest of 51 banks closed or assisted in 2012.
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The FDIC's record
- Closed
- January 27, 2012
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Resource Bank, Savage, MN
- Total assets
- $105,029,000
- Total deposits
- $102,833,000
- Estimated cost to the FDIC
- $35,345,977 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 34823
Other bank failures in Minnesota, 2010 to 2014
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Northern Star Bank | Mankato | December 19, 2014 | $18.8 million | $18.2 million | $3.9 million | Bankvista |
| 1ST Regents Bank | Andover | January 18, 2013 | $49.6 million | $49.1 million | $12.2 million | First Minnesota Bank |
| First Commercial Bank | Bloomington | September 7, 2012 | $215.9 million | $206.8 million | $65.2 million | Republic Bank & Trust Company |
| Inter Savings Bank, FSB D/b/a/ Interbank, FSB | Maple Grove | April 27, 2012 | $463.8 million | $458.1 million | $79.7 million | Great Southern Bank |
| Home Savings of America | Little Falls | February 24, 2012 | $434.1 million | $432.2 million | $43 million | |
| The Riverbank | Wyoming | October 7, 2011 | $419.7 million | $384.1 million | $71.2 million | Central Bank |
| Rosemount National Bank | Rosemount | April 15, 2011 | $21.5 million | $21 million | $5.4 million | Central Bank |
| Community National Bank | Lino Lakes | December 17, 2010 | $31.6 million | $28.8 million | $5.8 million | Farmers & Merchants Savings Bank |
All bank failures in 2012 · All bank failures in Minnesota · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.