Biwabik State Bank

Status:Inactive as of 08/26/1988
 Absorption - Assisted
Successor Bank:Americana National Bank
Headquarters:Biwabik State Bank
Main Street
Biwabik, MN 55708
Established:01/02/1953
FDIC Insurance:01/02/1953
FDIC Cert:#17163
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$3,238,000
Total Deposits:$3,227,000

History

1953-01-02Institution established: Original name:Biwabik State Bank
1988-08-26Failed. Acquired with government financial assistance and subsequently operated as part of The First National Bank (5174)
1993-09-24Changed name to Americana National Bank (5174)
1993-09-24Moved bank headquarters from BIWABIK, MN to CONGER, MN
1993-09-24Acquired State Bank of Conger (Incorporated) (10955) in CONGER, MN
1996-03-18Moved bank headquarters from CONGER, MN to ALBERT LEA, MN
2004-11-22Merged into and subsequently operated as part of American Bank of St. Paul (20843) in SAINT PAUL, MN
2005-10-24Acquired American State Bank of Olivia (20712) in OLIVIA, MN
2015-06-15Merged into and subsequently operated as part of Deerwood Bank (5123) in DEERWOOD, MN
2018-04-28Moved bank headquarters from SAINT PAUL, MN to WAITE PARK, MN
2018-04-28Acquired Plaza Park State Bank (12186) in WAITE PARK, MN