Data / Bank failures / 2010 / Lakeside Community Bank
Lakeside Community Bank, Sterling Heights, MI: failed April 16, 2010
Lakeside Community Bank in Sterling Heights, Michigan, failed on April 16, 2010. It held $49.2 million in assets and $48.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $21 million (42.7% of its assets). By assets it was the 144th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- April 16, 2010
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $49,173,000
- Total deposits
- $48,622,000
- Estimated cost to the FDIC
- $20,976,890 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 34878
Other bank failures in Michigan, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Fidelity Bank | Dearborn | March 30, 2012 | $818.2 million | $747.6 million | $97.2 million | The Huntington National Bank |
| Community Central Bank | Mount Clemens | April 29, 2011 | $451.7 million | $371.5 million | $98.6 million | Talmer Bank and Trust |
| Peoples State Bank | Hamtramck | February 11, 2011 | $390.5 million | $389.9 million | $103.1 million | First Michigan Bank |
| Paramount Bank | Farmington Hills | December 10, 2010 | $252.7 million | $213.6 million | $68.6 million | Level One Bank |
| Mainstreet Savings Bank, FSB | Hastings | July 16, 2010 | $96.6 million | $63.3 million | $12.8 million | Commercial Bank |
| New Liberty Bank | Plymouth | May 14, 2010 | $111.2 million | $101.9 million | $23.6 million | Bank of Ann Arbor |
| CF Bancorp | Port Huron | April 30, 2010 | $1.60 billion | $1.42 billion | $340.6 million | First Michigan Bank |
| Citizens State Bank | New Baltimore | December 18, 2009 | $168.6 million | $157.1 million | $68.2 million |
All bank failures in 2010 · All bank failures in Michigan · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.