MAINSTREET SAVINGS BANK, FSB Failed 2010
What happened
MAINSTREET SAVINGS BANK, FSB of HASTINGS, MI was closed on 2010-07-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMMERCIAL BANK (ALMA, MI). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3825
- FDIC Certificate
- 28136
- FDIC FIN
- 10258
- Bank name
- MAINSTREET SAVINGS BANK, FSB
- Location
- HASTINGS, MI
- Failure date
- 2010-07-16
- FDIC resolution date
- 2010-07-16
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $13M
- Deposits at failure
- $63M
- Assets at failure
- $97M
- Acquiring bank
- COMMERCIAL BANK (ALMA, MI)
Other banks COMMERCIAL BANK acquired in FDIC resolutions