The Graveyard › Banks › 2009
Prosperan Bank
Oakdale, MN · failed November 6, 2009 · FDIC certificate 35074
Prosperan Bank of Oakdale, MN failed on November 6, 2009. It opened on April 6, 1999, 10 years before. At its last report before that it held $197.4 million in assets and $182.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2007, it held $228.8 million. The FDIC estimates that the Deposit Insurance Fund lost $31.7 million on it.
1999-062009-09
Assets at the end$197.4 millionlast report before November 6, 2009
Deposits at the end$182.8 million
Estimated loss to the fund$31.7 millionDIF
Largest in the quarterly reports$228.8 millionDecember 31, 2007
Equity to assets-2.1%September 30, 2009
Loans not being repaid10.6%noncurrent, September 30, 2009
Return on assets-8.72%a year's rate, September 30, 2009
Staff48full time, September 30, 2009
Also ended in 2009
- Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
- FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
- Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
- Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
- Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
- Bank of America Rhode Island N.A. · Providence · $35.4 billion in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.