Bank failure · MN
Access Bank (Champlin, MN) — failed May 7, 2010
Access Bank of Champlin, Minnesota was closed on May 7, 2010 and resolved through a purchase and assumption. Prinsbank (MN) took over its insured deposits. At failure it held $32.0M in assets and $32.0M in deposits. The FDIC's estimated loss on the failure is $7.9M (24.7% of assets).
- Closing date
- May 7, 2010
- FDIC certificate #
- 16476
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- PrinsBank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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