Bank failure · MN
Prosperan Bank (Oakdale, MN) — failed November 6, 2009
Prosperan Bank of Oakdale, Minnesota was closed on November 6, 2009 and resolved through a purchase and assumption. Alerus Financial, N.A. (ND) took over its insured deposits. At failure it held $197.4M in assets and $182.8M in deposits. The FDIC's estimated loss on the failure is $31.7M (16.0% of assets).
- Closing date
- November 6, 2009
- FDIC certificate #
- 35074
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Alerus Financial, N.A.
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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