Prosperan Bank

November 6, 2009

Prosperan Bank, of Oakdale, MN failed today and was taken over by the FDIC, according to their official press release:

On November 6, 2009, Prosperan Bank, Oakdale, MN was closed by the Minnesota Department of Commerce, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.  No advance notice is given to the public when a financial institution is closed.The FDIC has assembled useful information regarding your relationship with this institution.  Besides a checking account, you may have Certificates of Deposit, a car loan, a business checking account, a commercial loan, a Social Security direct deposit, and other relationships with the institution.  The FDIC has compiled the following information, which should answer many of your questions.

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