Mainstreet Equity Corp.

United States : Throughout 2009, Mainstreet achieved strong results by meeting the economic recession head-on.
TendersInfo; 12/17/2009; 368 words; Byline: datta03 Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX:MEQ) today released...in the face of the past year's economic turbulence, Mainstreet identified and captured opportunities for growth, solidified...

Prosperan Bank spiraled from solid to shuttered in 7 months; The Oakdale lender, which had $200 million in assets, was sold to Alerus of North Dakota.(BUSINESS)
Star Tribune (Minneapolis, MN); 11/7/2009; 1112 words; ...the Federal Deposit Insurance Corp. (FDIC) as receiver. The...Prosperan reported total equity of negative $4 million...Stearns Bank (St. Cloud) Mainstreet Bank (Forest Lake) $459...Federal Deposit Insurance Corp.

REGULATORY ROUNDUP.(Washington)(credit cards, mortgages and banking regulations)
American Banker; 9/10/2009; 2514 words; ...Federal Deposit Insurance Corp. that would dictate...end mortgages, home equity lines of credit and originator...before reducing their home equity line. Published Aug...459 million-asset Mainstreet Bank in Forest Lake...first quarter. Private Equity The FDIC issued final...

US bank failure tally rises to 84 for 2009.(Brief article)
Saudi Economic Survey; 9/6/2009; 920 words; ...California, Bradford Bank in Baltimore, and Mainstreet Bank of Forest Lake, Minnesota, which...million. The Federal Deposit Insurance Corp (FDIC) reported that the insurance fund...the FDIC approved new rules on private equity investment in troubled banks, softening...

Regulators shut banks in Calif, Md, Minn
AP Online; 8/29/2009; 1136 words; ...Federal Deposit Insurance Corp. said Friday it had...million in deposits; and Mainstreet Bank, based in Forest...around $268 million of Mainstreet Bank's. The failure...million and that of Mainstreet Bank about $95 million...the cash that private equity funds must maintain...