Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Since 1933, no depositor has ever lost a penny of FDIC-insured funds

Bid Summary

Horizon Bank, Pine City, MN
Closing Date: June 26, 2009

Winning Bidder:

Stearns Bank N.A., St. Cloud, MN

Winning Bid:

All deposits, whole bank with loss share – Asset Discount of $10 million, Deposit Premium 0.75%

No other bids were received.


Back to top

Skip Footer back to content