# COMMUNITY NATIONAL BANK

> **Failed bank** · LINO LAKES, MN · failed 2010-12-17 · National commercial bank (OCC-chartered) · FDIC cost $6M

## What happened

COMMUNITY NATIONAL BANK of LINO LAKES, MN was closed by the OCC on **2010-12-17**. The FDIC was named receiver.

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

Deposits were transferred to **FARMERS & MERCHANTS SAVINGS BANK** (MANCHESTER, IA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3886
- **FDIC Certificate:** 23306
- **FDIC FIN:** 10321
- **Bank name:** COMMUNITY NATIONAL BANK
- **Location:** LINO LAKES, MN
- **Failure date:** 2010-12-17
- **FDIC resolution date:** 2010-12-17
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $29M
- **Assets at failure:** $32M
- **Acquiring bank:** FARMERS & MERCHANTS SAVINGS BANK (MANCHESTER, IA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMUNITY NATIONAL BANK (FDIC ID 3886), failed 2010-12-17. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3886.

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