Skip Header

Federal Deposit
Insurance Corporation

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

Failed Bank Information for Patriot Bank Minnesota, Forest Lake, MN

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

Effective Date: November 1, 017


Notice of Intent to Terminate

Publication Date: July 28, 2017

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

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

Skip Footer back to content