# COMMUNITY SECURITY BANK

> **Failed bank** · NEW PRAGUE, MN · failed 2010-07-23 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $18M

## What happened

COMMUNITY SECURITY BANK of NEW PRAGUE, MN was closed by regulators 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
- **Estimated FDIC DIF cost:** $18M
- **Deposits at failure:** $95M
- **Assets at failure:** $101M
- **Acquiring bank:** ROUNDBANK (WASECA, MN)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMUNITY SECURITY BANK (FDIC ID 3835), failed 2010-07-23. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3835.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*