MAINSTREET BANK Failed 2009
What happened
MAINSTREET BANK of FOREST LAKE, MN was closed on 2009-08-28. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTRAL BANK (STILLWATER, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3675
- FDIC Certificate
- 1909
- FDIC FIN
- 10111
- Bank name
- MAINSTREET BANK
- Location
- FOREST LAKE, MN
- Failure date
- 2009-08-28
- FDIC resolution date
- 2009-08-28
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $90M
- Deposits at failure
- $433M
- Assets at failure
- $459M
- Acquiring bank
- CENTRAL BANK (STILLWATER, MN)
Other banks CENTRAL BANK acquired in FDIC resolutions