COMMUNITY SECURITY BANK Failed 2010

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

What happened

COMMUNITY SECURITY BANK of NEW PRAGUE, MN was closed on 2010-07-23. The FDIC was named receiver.

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

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

Key facts

FDIC ID
3835
FDIC Certificate
34486
FDIC FIN
10264
Bank name
COMMUNITY SECURITY BANK
Location
NEW PRAGUE, MN
Failure date
2010-07-23
FDIC resolution date
2010-07-23
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.)
$18M
Deposits at failure
$95M
Assets at failure
$101M
Acquiring bank
ROUNDBANK (WASECA, MN)