# MAIN STREET BANK

> **Failed bank** · NORTHVILLE, MI · failed 2008-10-10 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $56M

## What happened

MAIN STREET BANK of NORTHVILLE, MI was closed by regulators on **2008-10-10**. The FDIC was named receiver.

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

Deposits were transferred to **MONROE BANK & TRUST** (MONROE, MI). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3570
- **FDIC Certificate:** 57654
- **FDIC FIN:** 10016
- **Bank name:** MAIN STREET BANK
- **Location:** NORTHVILLE, MI
- **Failure date:** 2008-10-10
- **FDIC resolution date:** 2008-10-10
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $56M
- **Deposits at failure:** $99M
- **Assets at failure:** $112M
- **Acquiring bank:** MONROE BANK & TRUST (MONROE, MI)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MAIN STREET BANK (FDIC ID 3570), failed 2008-10-10. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3570.

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