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Community National Bank, Lino Lakes, MN, Closed By Regulators

December 18, 2010 By Bill Zielinski 1 Comment

December 17, 2010 – Community National Bank, Lino Lakes, Minnesota, was closed today by The Office of the Comptroller of the Currency.   The FDIC was appointed as receiver and sold the failed bank to Farmers & Merchants Savings Bank, Manchester, Iowa, which will assume all deposits of Community National. The two branches of Community National […]

Filed Under: Bank Failure, Banking News, Failed Banks, problem banks Tagged With: Community National fails amid loan scandal, Farmer & Merchants buys failed bank

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