Access Bank - Champlin, MN

2010 FDIC Insured Failed Banks

May 7, 2010: Access Bank, Champlin, MN was closed by the Minnesota Department of Commerce. The Federal Deposit Insurance Corporation was named receiver. Access Bank had approximately $32.0 million in total assets and $32.0 million in total deposits.

Successor Bank: All deposit accounts have been transferred to PrinsBank, Prinsburg, Minnesota. The two branches of Access Bank will reopen during normal business hours beginning on Saturday as branches of PrinsBank.

PrinsBank
508 Third Street
Prinsburg, MN 56281

History:

Established as Plummer State Bank
Changed name to Northwest Community Bank
Changed name to Access Bank

► Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage.

► It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.

► For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Account Search