The three branches of Prosperan Bank will reopen during their normal business hours as branches of Alerus Financial, N.A. Depositors of Prosperan Bank will automatically become depositors of Alerus Financial, N.A. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers should continue to use their existing branches until Alerus Financial, N.A. can fully integrate the deposit records of Prosperan Bank.
Posts Tagged ‘Oakdale’
Bank Closing – Prosperan Bank, Oakdale, MN
Bank Closing – Prosperan Bank, Oakdale, MN On November 6, 2009, Prosperan Bank, (CERT #35074) Oakdale, MN, was closed by the Minnesota Department of Commerce. All deposits, excluding certain brokered deposits, were transferred to the acquiring institution; for further information, please visit the FDIC web site: Prosperan Bank (www.fdic.gov).
FDIC Makes Public September Enforcement Actions; One Administrative Hearing Scheduled for November
The FDIC processed a total of 48 matters in September. These included twenty-six cease and desist orders; twelve removal and prohibition orders; six civil money penalties; two prompt corrective action directives; one voluntary termination of insurance; and one order terminating the order to cease and desist.
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