Bank failure · MN
Brickwell Community Bank (Woodbury, MN) — failed September 11, 2009
Brickwell Community Bank of Woodbury, Minnesota was closed on September 11, 2009 and resolved through a purchase and assumption. Cortrust Bank, N.A. (SD) took over its insured deposits. At failure it held $72.6M in assets and $65.0M in deposits. The FDIC's estimated loss on the failure is $24.6M (33.9% of assets).
- Closing date
- September 11, 2009
- FDIC certificate #
- 57736
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Cortrust Bank, N.A.
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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