Mainstreet Bank

Status:Inactive as of 08/28/2009
 Absorption - Assisted
Successor Bank:Central Bank
Headquarters:Mainstreet Bank
1650 South Lake Street
Forest Lake, MN 55025
Established:03/15/1903
FDIC Insurance:01/01/1934
FDIC Cert:#1909
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$458,533,000
Total Deposits:$432,818,000

History

1903-03-15Institution established: Original name:Chisago County State Bank
1994-04-13Moved bank headquarters from CENTER CITY, MN to FOREST LAKE, MN
1994-04-13Changed name to The County Bank
2001-11-16Changed name to Mainstreet Bank
2001-11-16Acquired Southview Bank (19021) in SOUTH ST. PAUL, MN
2008-02-29Acquired First Bank and Trust (15911) in HUDSON, WI
2009-08-28Failed. Acquired with government financial assistance and subsequently operated as part of Central Bank (27234)
2009-10-02Acquired Jennings State Bank (11416) in SPRING GROVE, MN as part of a government assisted transaction.
2009-10-23Acquired Riverview Community Bank (57525) in OTSEGO, MN as part of a government assisted transaction.
2009-11-20Acquired Commerce Bank of Southwest Florida (58016) in FORT MYERS, FL as part of a government assisted transaction.
2011-04-15Acquired Rosemount National Bank (24099) in ROSEMOUNT, MN as part of a government assisted transaction.
2011-10-07Acquired The RiverBank (10216) in WYOMING, MN as part of a government assisted transaction.
2012-07-13Acquired Bank of Naples (35396) in NAPLES, FL
2013-10-07Moved bank headquarters from FOREST LAKE, MN to GOLDEN VALLEY, MN
2014-04-12Acquired First National Bank and Trust (5338) in BARRON, WI
2016-04-01Merged into and subsequently operated as part of MidWestOne Bank (14843) in IOWA CITY, IA
2019-05-01Acquired American Bank & Trust Wisconsin (6183) in CUBA CITY, WI
2019-05-01Acquired American Trust & Savings Bank (13150) in DUBUQUE, IA

Financial Information (2009-06-30 and Older)