Community National Bank Minnesota closed by FDIC. Accounts transferred to Farmers and Merchants Bank of Iowa. Depositors must claim FDIC-insured IRA, CD, Savings Accounts and Checking Accounts

	December 17, 2010: Community National Bank, Lino Lakes, MN was closed by the Office of the Comptroller of the Currency. The Federal Deposit Insurance Corporation was named receiver. Successor Bank: All deposit accounts, including brokered deposits, have been transferred to Farmers & Merchants Savings Bank, Manchester, Iowa Farmers & Merchants Savings Bank Main And Franklin Streets Manchester, IA 52057 History: Established in 1980 as Community National Bank Acquired Lakeland National Bank - Lino Lakes, Minnesota ► 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 or safe deposit box go to: Unclaimed Money Search
2010 FDIC Insured Failed Banks




Community National Bank 7641 Lake Drive Lino Lakes, MN 55014
Established as Community National Bank




Cost to FDIC: $4 million