On Friday, January 27, 2012, Patriot Bank Minnesota, Forest Lake, MN was closed by the Minnesota Department of Commerce. The FDIC was named Receiver. First Resource Bank, Savage, MN acquired all deposit accounts.
The FDIC as Receiver for Patriot Bank Minnesota, Forest Lake, MN has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on July 28, 2017 and has made all dividend distributions required by law.
Effective November 1, 2017, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Notice of Intent to Terminate
Dividend Information
Press Release
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: FIRST RESOURCE BANK
About First Resource Bank
All deposit accounts have been transferred to First Resource Bank, Savage, MN ("assuming institution"). Former Patriot Bank locations reopened as branches of First Resource Bank.
Your transferred deposits were separately insured from any accounts you may have already had at First Resource Bank for at least six months after the failure of Patriot Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with First Resource Bank as long as the deposits are not pledged as collateral for loans.
Contacting First Resource Bank, Savage, MN
You can contact First Resource Bank:
First Resource Bank
800 N. Pottstown Pike
Exton, PA 19341
First Resource Bank (www.firstresourcebank.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (7Mb)
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank