Relevant:
- Mainstreet Bank, Forest Lake, Minnesota
- Imploded: First Minnesota Bank, Minnetonka, Minnesota, Assumes All of the Deposits of 1st Regents Bank, Andover, Minnesota
- Imploded: Patriot Bank Minnesota, Forest Lake, Minnesota
- Imploded: 1st American State Bank of Minnesota, Hancock, Minnesota
- Imploded: Community Security Bank, New Prague, Minnesota
2009-02-08 — blogspot.com
``Nearly 40 Minnesota banks have coverage ratios below 30 percent. They are at severe risk. Mainstreet Bank, one of Minnesota's largest and oldest community banks received an FDIC order to change. Please see Hazardous Lending and Lax Collection Practices for more details.''
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