FDIC shutters ninth Minnesota bank
The FDIC has closed another Minnesota bank, this time Marshall Bank of Hallock in northwestern Minnesota.
United Valley Bank of Cavalier, North Dakota has assumed responsibility for all deposits. Marshall Bank is the second FDIC-insured institution in Minnesota to fail this year, and the 12th in the nation.
The FDIC closed St. Stephen State Bank on January 15, 2010. Nine Minnesota banks have been shut down since 2008.
List of Minneota bank closings:
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Marshall Bank -- January 29, 2010
St. Stephen State Bank -- January 15, 2010
Prosperan Bank -- November, 6, 2009
Riverview Community Bank -- October 23, 2009
Jennings State Bank -- October 9, 2009
Brickwell Community Bank -- September 11, 2009
Mainstreet Bank -- August 28, 2009
Horizon Bank -- June 26, 2009
First Integrity Bank, N.A. -- May 30, 2009