Prosperan Bank
Oakdale, MN · Owner: Prosperan Bancshares Inc
$197M
total assets, September 30, 2009
$197M
total assets, September 30, 2009
Prosperan Bank was a state nonmember bank in Oakdale, MN, owned by Prosperan Bancshares Inc. It failed on Nov 6, 2009, and Alerus Financial, N.a. took over its deposits. At its last report it held $197.4 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2009
This bank failed
- Failed on
- Nov 6, 2009
- Assets
- $197M
- Deposits
- $183M
- Estimated cost
- $31.7M
- Deposits went to
- Alerus Financial, N.a., Grand Forks, ND
Total assets
$197M
-9.4% in a year · +3.6% in a quarter
Deposits
$183M
+7.4% in a year · -0.3% in a quarter
Loans
$137M
-21.3% in a year · -8.7% in a quarter
Profit so far
-$13.2M
Jan 1 to Sep 30, 2009 · -3771.0% in a year
Capital ratio
-0.92%
-8.51 pts in a year
Return on assets
-8.72%
-8.94 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 990 Helena Street North, Oakdale, MN, 55128
- County
- Washington
- Holding company
- Prosperan Bancshares Inc
- Established
- Apr 6, 1999
- Failed
- Nov 6, 2009
- Employees
- 48
- Branches
- 3
- Id
- b35074
Quarter by quarter
June 30, 1999 to September 30, 2009
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 Prosperan Bank?
$197.4 million in total assets and $182.8 million in deposits as of September 30, 2009, with assets down 9.4% from a year before. Its loans were $136.8 million.
How many branches does Prosperan Bank have?
3 branches in Minnesota as of June 30, 2026.
Is Prosperan Bank profitable?
No: it lost $13.2 million from January 1 to September 30, 2009. Its return on assets was -8.72% a year; about 1% is typical.
Who owns Prosperan Bank?
Prosperan Bank is owned by Prosperan Bancshares Inc, its holding company.
When did Prosperan Bank fail?
Nov 6, 2009. Alerus Financial, N.a. of Grand Forks, ND took over its deposits. The estimated cost of the failure was $31.7 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.