Main Street Bank
Northville, MI · Owner: Main Street Bcorp Inc
$112M
total assets, June 30, 2008
$112M
total assets, June 30, 2008
Main Street Bank was a state nonmember bank in Northville, MI, owned by Main Street Bcorp Inc. It failed on Oct 10, 2008, and Monroe Bank & Trust took over its deposits. At its last report it held $112.4 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2008
This bank failed
- Failed on
- Oct 10, 2008
- Assets
- $112M
- Deposits
- $98.9M
- Estimated cost
- $56.3M
- Deposits went to
- Monroe Bank & Trust, Monroe, MI
Total assets
$112M
-28.9% in a year · -14.8% in a quarter
Deposits
$98.9M
-30.7% in a year · -17.5% in a quarter
Loans
$92.5M
-26.8% in a year · -5.9% in a quarter
Profit so far
-$6.5M
Jan 1 to Jun 30, 2008
Capital ratio
2.28%
-6.41 pts in a year
Return on assets
-10.29%
-9.38 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 133 West Main St, Northville, MI, 48167
- County
- Wayne
- Holding company
- Main Street Bcorp Inc
- Established
- Mar 1, 2004
- Failed
- Oct 10, 2008
- Employees
- 43
- Branches
- 2
- Id
- b57654
Quarter by quarter
March 31, 2004 to June 30, 2008
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Main Street Bank?
$112.4 million in total assets and $98.9 million in deposits as of June 30, 2008, with assets down 28.9% from a year before. Its loans were $92.5 million.
How many branches does Main Street Bank have?
2 branches in Michigan as of June 30, 2026.
Is Main Street Bank profitable?
No: it lost $6.54 million from January 1 to June 30, 2008. Its return on assets was -10.29% a year; about 1% is typical.
Who owns Main Street Bank?
Main Street Bank is owned by Main Street Bcorp Inc, its holding company.
When did Main Street Bank fail?
Oct 10, 2008. Monroe Bank & Trust of Monroe, MI took over its deposits. The estimated cost of the failure was $56.3 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.