Bank failure · MN
Marshall Bank, National Association (Hallock, MN) — failed January 29, 2010
Marshall Bank, National Association of Hallock, Minnesota was closed on January 29, 2010 and resolved through a purchase and assumption. United Valley Bank (ND) took over its insured deposits. At failure it held $58.6M in assets and $55.7M in deposits. The FDIC's estimated loss on the failure is $1.1M (1.8% of assets).
- Closing date
- January 29, 2010
- FDIC certificate #
- 16133
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- United Valley Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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