# PROSPERAN BANK

> **Failed bank** · OAKDALE, MN · failed 2009-11-06 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $32M

## What happened

PROSPERAN BANK of OAKDALE, MN was closed by regulators on **2009-11-06**. The FDIC was named receiver.

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

Deposits were transferred to **ALERUS FINANCIAL, N.A.** (GRAND FORKS, ND). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3713
- **FDIC Certificate:** 35074
- **FDIC FIN:** 10143
- **Bank name:** PROSPERAN BANK
- **Location:** OAKDALE, MN
- **Failure date:** 2009-11-06
- **FDIC resolution date:** 2009-11-06
- **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:** $32M
- **Deposits at failure:** $183M
- **Assets at failure:** $197M
- **Acquiring bank:** ALERUS FINANCIAL, N.A. (GRAND FORKS, ND)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PROSPERAN BANK (FDIC ID 3713), failed 2009-11-06. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3713.

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