Federal Judge Dismisses Claims From Loan Participation Suit

ST. PAUL, Minn. - A federal judge in Minnesota on Oct. 1 granted in part and denied in part the motions to dismiss Security State Bank of Hibbing's suit arising from its loan participation with a bank that subsequently failed (Security State Bank of Hibbing v. Federal Deposit Insurance Corp., et al., No.13-1142, D. Minn.; 2013 U.S. Dist. LEXIS 141271).

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