ACCESS BANK Failed 2010

CHAMPLIN, MN · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

ACCESS BANK of CHAMPLIN, MN was closed on 2010-05-07. The FDIC was named receiver.

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

Deposits were transferred to PRINSBANK (PRINSBURG, MN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3799
FDIC Certificate
16476
FDIC FIN
10233
Bank name
ACCESS BANK
Location
CHAMPLIN, MN
Failure date
2010-05-07
FDIC resolution date
2010-05-07
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.)
$8M
Deposits at failure
$32M
Assets at failure
$32M
Acquiring bank
PRINSBANK (PRINSBURG, MN)