MARSHALL BANK, NATIONAL ASSOCIATION Failed 2010

HALLOCK, MN · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

MARSHALL BANK, NATIONAL ASSOCIATION of HALLOCK, MN was closed on 2010-01-29. The FDIC was named receiver.

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

Deposits were transferred to UNITED VALLEY BANK (CAVALIER, ND). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3745
FDIC Certificate
16133
FDIC FIN
10182
Bank name
MARSHALL BANK, NATIONAL ASSOCIATION
Location
HALLOCK, MN
Failure date
2010-01-29
FDIC resolution date
2010-01-29
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$1M
Deposits at failure
$56M
Assets at failure
$59M
Acquiring bank
UNITED VALLEY BANK (CAVALIER, ND)