Government regulators closed its 16th bank of 2010 this afternoon. Details below. I’ll update with new posts if any more closures come in:
No. 16 - 1st American State Bank in Hancock, Minn. was closed, then taken over by Community Development Bank of Ogema, Minn. 1st American had two branches. Estimated cost to the FDIC: $3.1 million.


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