Feds close Brickwell Community Bank in Woodbury
Federal regulators have shut down Brickwell Community Bank in Woodbury.
Bank regulators from the Federal Deposit Insurance Corporation closed the bank Friday. It's sole branch re-opened Saturday as an office of Mitchell, S.D.-based CorTrust Bank.
The FDIC said Brickwell had approximately $72 million in total assets at the end of July, and total deposits of $63 million. CorTrust will be assuming the bank's assets as well as the deposits.
Customers who have questions about the bank's closure can call the FDIC at 800-815-0268.
Brickwell becomes the third Minnesota bank to fail this year and the 91st to close nationwide. Mainstreet Bank in Forest Lake, Minn., was closed on Aug. 28.
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