All deposit accounts have been transferred to
Monroe Bank & Trust, Monroe, Michigan ("assuming institution")
and will be available immediately. On Saturday, the former
Main Street Bank locations will reopen as branches of Monroe Bank & Trust.
Your transferred deposits will be separately insured from any accounts
you may already have at Monroe Bank & Trust for six months after the failure
of Main Street Bank. Checks that were drawn on Main Street Bank
that did not clear before the institution closed will be honored as long as there are
sufficient funds in the account. If you have questions about your account(s) transferred to the assuming bank, you may speak to an FDIC
representative regarding deposit insurance by calling 1-866-934-8944.
For general questions about FDIC deposit insurance coverage, please call 1-877-275-3342 or visit EDIE, the FDIC's Electronic Deposit Insurance Estimator.
- FDIC's Electronic Deposit Insurance Estimator
You may withdraw your funds from any transferred
account without an early withdrawal penalty until you enter into a new deposit
agreement with Monroe Bank & Trust as long as
the deposits are not pledged as collateral for loans. You may view more
Monroe Bank & Trust by
visiting their web site.
Monroe Bank & Trust (www.mbandt.com)