Data / Bank failures / 2010 / Mainstreet Savings Bank, FSB
Mainstreet Savings Bank, FSB, Hastings, MI: failed July 16, 2010
Mainstreet Savings Bank, FSB in Hastings, Michigan, failed on July 16, 2010. Commercial Bank of Alma, MI, took over its deposits. It held $96.6 million in assets and $63.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $12.8 million (13.2% of its assets). By assets it was the 123rd largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- July 16, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Commercial Bank, Alma, MI
- Total assets
- $96,584,000
- Total deposits
- $63,291,000
- Estimated cost to the FDIC
- $12,788,676 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- DIF
- FDIC certificate
- 28136
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 |
| 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 |
| Lakeside Community Bank | Sterling Heights | April 16, 2010 | $49.2 million | $48.6 million | $21 million | |
| Citizens State Bank | New Baltimore | December 18, 2009 | $168.6 million | $157.1 million | $68.2 million |
Other failed banks Commercial Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Peoples Banking Company | Boston | GA | March 17, 1981 | $8.4 million | $8.1 million | $435,019 | Commercial Bank |
All bank failures in 2010 · All bank failures in Michigan · Every failed bank Commercial Bank took over · 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.