# OAK PARK BANK

> **Failed bank** · OAK PARK HEIGHTS, MN · failed 1988-04-29 · State commercial bank, Federal Reserve member · FDIC cost $6M

## What happened

OAK PARK BANK of OAK PARK HEIGHTS, MN was closed by state regulators on **1988-04-29**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **ST CROIX VALLEY BANK** (OAK PARK HEIGHTS, MN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1738
- **FDIC Certificate:** 21787
- **FDIC FIN:** 2811
- **Bank name:** OAK PARK BANK
- **Location:** OAK PARK HEIGHTS, MN
- **Failure date:** 1988-04-29
- **FDIC resolution date:** 1988-04-29
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $20M
- **Assets at failure:** $21M
- **Acquiring bank:** ST CROIX VALLEY BANK (OAK PARK HEIGHTS, MN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=OAK%20PARK%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, OAK PARK BANK (FDIC ID 1738), failed 1988-04-29. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/1738.

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