# MAINSTREET BANK

> **Failed bank** · FOREST LAKE, MN · failed 2009-08-28 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $90M

## What happened

MAINSTREET BANK of FOREST LAKE, MN was closed by regulators 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
- **Estimated FDIC DIF cost:** $90M
- **Deposits at failure:** $433M
- **Assets at failure:** $459M
- **Acquiring bank:** CENTRAL BANK (STILLWATER, MN)

## Other banks CENTRAL BANK has acquired in FDIC resolutions

- THE RIVERBANK (WYOMING, MN) — failed 2011-10-07 — /failed-bank/3965
- ROSEMOUNT NATIONAL BANK (ROSEMOUNT, MN) — failed 2011-04-15 — /failed-bank/3923
- COMMERCE BANK OF SOUTHWEST FLORIDA (FORT MYERS, FL) — failed 2009-11-20 — /failed-bank/3717
- RIVERVIEW COMMUNITY BANK (OSTEGO, MN) — failed 2009-10-23 — /failed-bank/3696
- JENNINGS STATE BANK (SPRING GROVE, MN) — failed 2009-10-02 — /failed-bank/3689
- NATIONAL INDUSTRIAL BANK OF CONNECTICUT (MERIDEN, CT) — failed 1989-11-09 — /failed-bank/2547
- DELTA PACIFIC BANK (PITTSBURG, CA) — failed 1987-10-30 — /failed-bank/1549
- AMERICAN CITY BANK (LOS ANGLES, CA) — failed 1983-02-25 — /failed-bank/754

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MAINSTREET BANK (FDIC ID 3675), failed 2009-08-28. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3675.

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