Bank failure · MN

Oak Park Bank (Oak Park Heights, MN) — failed April 29, 1988

Oak Park Bank of Oak Park Heights, Minnesota was closed on April 29, 1988 and resolved through a purchase and assumption. St Croix Valley Bank (MN) took over its insured deposits. At failure it held $21.1M in assets and $19.7M in deposits. The FDIC's estimated loss on the failure is $5.9M (27.9% of assets).