FDIC "Problem" Bank 2011 Review

Nash Law Firm — Tue, 31 Jan 2012 16:47:45 +0000

The following our variuos charts relating to the FDIC "Problem" Bank list. This list is supposed to be secret; however, variuos sources report who is on the list and the statistics relating to these banks. The following information is from the website Problem Bank List.

Minnesota has the third most institutions purported to be on the FDIC "Problem" Bank list with 67 banks on the list. The largest of these banks is Home Federal Savings Bank in Rochester with assets listed at $818,336,000.00 while the smallest is First State Bank of Kiester in Kiester with listed assets of $17,834,000.00. The total assets listed for all of the Minnesota institutions of the FDIC "problem" Bank list totals $11,537,366,000.00.

Minnesota Institutions on the FDIC "Problem" Bank List as of 12/31/11

2011 3rdQtr Assets $(000's)	Name	City		Date	Enforcement Action Type	Reason
75,632	Maple Bank	Champlin	MN	9/23/2009	Cease & Desist	CRE lending
111,328	Patriot Bank Minnesota	Forest Lake	MN	9/29/2010	Consent Order	CRE lending
76,718	Lake City Federal Bank	Lake City	MN	5/12/2011	Cease & Desist	General
81,536	First National Bank	Chisholm	MN	7/23/2009	Formal Agreement	General
461,524	Highland Bank	Saint Michael	MN	4/14/2010	Consent Order	PLMBS
30,398	Park State Bank	Duluth	MN	12/17/2010	Consent Order	General
189,504	First National Bank Minnesota	St. Peter	MN	3/3/2010	Formal Agreement	General
17,834	First State Bank of Kiester	Kiester	MN	1/20/2010	Consent Order	CRE lending
302,087	Profinium Financial, Inc.	Truman	MN	7/14/2009	Written Agreement	General
68,359	Great Northern Bank	Saint Michael	MN	6/18/2010	Consent Order	Capital
131,702	Progrowth Bank	Nicollet	MN	7/1/2010	Consent Order	PLMBS
33,568	Paragon Bank	Wells	MN	1/26/2009	Cease & Desist	CRE lending
67,784	1st Regents Bank	Andover	MN	3/24/2010	Consent Order	C&D RE
91,502	State Bank of Park Rapids	Park Rapids	MN	11/19/2008	Cease & Desist	General
105,771	BANKWEST	Rockford	MN	3/17/2011	Consent Order	General
620,304	Alliance Bank	Lake City	MN	7/7/2011	Consent Order	General
429,845	American Bank of St. Paul	Saint Paul	MN	7/30/2009	Written Agreement	General
308,338	The First National Bank of Elk River	Maple Lake	MN	7/14/2009	Formal Agreement	General
818,336	Home Federal Savings Bank	Rochester	MN	6/20/2008	Cease & Desist	Insider Activities
238,639	First Commercial Bank	Bloomington	MN	8/4/2009	Cease & Desist (Media Report)	CRE lending
44,508	Currie State Bank	Currie	MN	11/6/2008	Written Agreement	General
32,260	Western National Bank	Cass Lake	MN	7/13/2010	Formal Agreement	General
646,019	American Bank of the North	Nashwauk	MN	5/9/2011	Consent Order	CRE lending
141,726	Woodlands National Bank	Hinckley	MN	3/1/2011	Formal Agreement	General
440,000	Home Savings of America	Little Falls	MN	6/2/2010	Cease & Desist	General
121,053	Flagship Bank Minnesota	Wayzata	MN	6/8/2011	Consent Order	General
243,860	Minnwest Bank Metro	Eagan	MN	3/16/2010	Consent Order	C&D RE
216,349	Minnwest Bank South	Tracy	MN	9/27/2010	Consent Order	General
69,311	First National Bank in Mahnomen	Mahnomen	MN	3/28/2011	Formal Agreement	General
63,700	Security State Bank of Lewiston	Lewiston	MN	8/20/2009	Cease & Desist	General
135,184	White Rock Bank	Cannon Falls	MN	7/22/2009	Cease & Desist (Media Report)	General
80,450	State Bank of Delano	Delano	MN	7/24/2009	Cease & Desist	CRE lending
220,424	Village Bank	Saint Francis	MN	9/10/2010	Consent Order	CRE lending
207,452	Commerce Bank	Geneva	MN	10/12/2011	Consent Order	General
21,212	Peoples State Bank of Madison Lake	Madison Lake	MN	6/22/2011	Consent Order	General
294,269	Winona National Bank	Winona	MN	2/11/2010	Formal Agreement	General
53,600	Security State Bank of Kenyon	Kenyon	MN	3/25/2010	Consent Order	General
53,709	Olmsted National Bank	Rochester	MN	2/8/2010	Formal Agreement	General
114,661	Boundary Waters Bank	Ely	MN	1/27/2011	Consent Order	C&D RE
389,253	The Bank of Elk River	Elk River	MN	4/5/2010	Consent Order	General
52,683	Lakeview Bank	Lakeville	MN	2/5/2010	Consent Order	C&D RE
33,191	VisionBank	Saint Louis Park	MN	6/1/2010	Consent Order	General
24,653	Hometown Community Bank	Cyrus	MN	8/8/2011	Consent Order	General
240,623	Community Resource Bank	Northfield	MN	1/26/2010	Written Agreement	General
74,087	Sherburne State Bank	Becker	MN	7/12/2010	Consent Order	CRE lending
74,822	Cambridge State Bank	Cambridge	MN	4/29/2010	Consent Order	General
158,984	Peoples National Bank of Mora	Mora	MN	1/22/2010	Formal Agreement	General
51,823	State Bank of Cokato	Cokato	MN	6/1/2010	Consent Order	General
134,880	Northwestern Bank, National Association	Dilworth	MN	1/27/2010	Formal Agreement	General
336,609	Border State Bank	Greenbush	MN	10/27/2010	Consent Order	General
240,769	BankCherokee	Saint Paul	MN	9/16/2008	Cease & Desist	C&D RE
502,342	Inter Savings Bank, fsb D/B/A Interbank, fsb	Maple Grove	MN	6/19/2009	Cease & Desist	General
99,681	Landmark Community Bank, National Association	Isanti	MN	6/26/2008	Formal Agreement	General
32,880	Northern Star Bank	Mankato	MN	7/24/2009	Cease & Desist	CRE lending
359,759	Northeast Bank	Minneapolis	MN	1/26/2010	Consent Order	General
74,515	The First National Bank of Le Center	Le Center	MN	12/15/2009	Formal Agreement	General
45,533	Neighborhood National Bank	Alexandria	MN	2/16/2011	Consent Order	General
122,820	Americana Community Bank	Sleepy Eye	MN	6/9/2009	Cease & Desist	General
169,058	The First National Bank of Milaca	Milaca	MN	11/2/2010	Formal Agreement	General
83,435	New Market Bank	Elko New Market	MN	11/23/2010	Consent Order	CRE lending
139,657	The First National Bank of Plainview	Plainview	MN	2/5/2010	Formal Agreement	General
92,564	Community Pride Bank	Isanti	MN	5/23/2010	Consent Order	General
22,964	Eagle Community Bank	Maple Grove	MN	5/27/2010	Consent Order	CRE lending
26,875	Riverland Bank	Jordan	MN	7/1/2010	Consent Order	General
165,412	RiverWood Bank	Bemidji	MN	12/6/2010	Cease & Desist	CRE lending
279,525	American National Bank of Minnesota	Baxter	MN	8/20/2010	Formal Agreement	General
47,513	Farmers State Bank of West Concord	West Concord	MN	11/10/2009	Written Agreement	CRE lending