Regulators shutter The RiverBank; Central Bank assumes assets

October 8, 2011 at 2:27 am in Hudson Star-Observer

The RiverBank, with locations in North Hudson, Somerset, Osceola, St. Croix Falls and two Minnesota communities, was closed late Friday by the Minnesota Department of Commerce. The Federal Deposit Insurance Corp. was named receiver and all deposits have been transferred to Central Bank, Stillwater, Minn., according to an FDIC press release. Continue Reading