FDIC says Minnesota bank closed, second of day
WASHINGTON, Oct 2 (Reuters) - Bank regulators closed Jennings State Bank in Minnesota on Friday, the 97th U.S. bank to fail this year and the second of the day as the financial cris continue to take its toll on institutions.
The Federal Deposit Insurance Corp said Jennings had $56.3 million in assets and $52.4 million in deposits.
Central Bank in Minnesota agreed to assume all deposits of Jennings, whose two branches will reopen on Saturday as branches of Central Bank, the agency said. (Reporting by Jeremy Pelofsky; Editing by Richard Chang)
