Bank Branches › Closed and merged banks › Minnesota › American Bank of St. Paul
What happened to American Bank of St. Paul?
American Bank of St. Paul in Saint Paul, MN (earlier called Dakota County State Bank and 1 other name) merged into Deerwood Bank of Waite Park, MN on Jun 15, 2015. Deerwood Bank is open today.
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1972Dakota County State Bank opens in Saint Paul, MN
- Jan 21, 1995renamed Dakota Bank
- Sep 14, 2002renamed American Bank of St. Paul
- Jun 15, 2015MERGEDAmerican Bank of St. Paul merged into Deerwood Bank of Waite Park, MN.FDIC certificate 20843 ends; its business continues under certificate 5123.
- TodayOPEN
Deerwood BankMain office Waite Park, MN · FDIC certificate 5123 · 14 offices in 1 state on June 30, 2026Every Deerwood Bank office → Website on file with the FDIC: deerwoodbank.com
If you still have something from American Bank of St. Paul
A lien that was never released
If a paid-off mortgage, home-equity line or car loan still shows American Bank of St. Paul as lienholder, start with Deerwood Bank. In a merger the surviving bank takes over the other bank's loans, so it is the bank to ask for a recordable lien release; if the loan was sold along the way, it can tell you to whom.
The FDIC says it cannot process lien releases for banks that merged or were acquired without government assistance, which is what the record shows here.
Record the release with the same county office that recorded the original mortgage or deed of trust.
An old account, passbook or CD
Ask Deerwood Bank to search for the account under the name American Bank of St. Paul. A passbook or certificate shows an account existed. It doesn't show the money is still there, and the OCC notes that federal rules require banks to keep most account records for five years.
Accounts nobody touches are eventually turned over to a state. The OCC puts the usual wait at three to five years with no activity, set by each state's law. Search the unclaimed-property program of the state of the owner's last known address on the bank's records, and any other state they lived in. It is free to search and to claim through a state's own site, and MissingMoney.com, an official site of the state administrators' association, searches most states at once.
A safe deposit box
Ask Deerwood Bank which branch now holds boxes from the American Bank of St. Paul office you used. The OCC says a box with no activity for three to five years (the period is set by state statute) is likely treated as dormant, and its contents may be turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain. The office list below shows which bank each office reports under now.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Its offices in the FDIC deposit reports
15 offices filed under this charter in some year from 1994 on. 4 are still open as of June 30, 2026.
| Office | Now |
|---|---|
| 1060 Dakota DrMendota Heights, MN | OpenDeerwood Bank |
| 815 E Depue AveOlivia, MN | OpenFM Bank |
| 2310 7th St WSaint Paul, MN | OpenDeerwood Bank |
| 195 N BroadwayAlden, MN | OpenSecurity Bank Minnesota |
| 1578 University Avenue WestSaint Paul, MN | No longer reported |
| 7055 Cahill AvenueInver Grove Heights, MN | No longer reported |
| 14295 Cedar AvenueApple Valley, MN | No longer reported |
| 217 South Newton AvenueAlbert Lea, MN | No longer reported |
| 8100 Highwood DriveBloomington, MN | No longer reported |
| 1425 Maryland Ave. EastSt. Paul, MN | No longer reported |
| 14300 Nicollet CourtBurnsville, MN | No longer reported |
| 412 North Main StreetRenville, MN | No longer reported |
| 401 Robert St. North Suite 215Saint Paul, MN | No longer reported |
| 2109 Cliff RoadEagan, MN | No longer reported |
| 1581 University AvenueSt. Paul, MN | No longer reported |
Banks folded into American Bank of St. Paul
4 banks merged directly into this charter; counting the banks those had absorbed earlier, 8 charters end up inside it.
| Bank | Ended |
|---|---|
| American State Bank of OliviaOlivia, MN | Oct 24, 2005 |
| Americana National BankAlbert Lea, MN | Nov 22, 2004 |
| The Midway National Bank of St. PaulSt. Paul, MN | Sep 14, 2002 |
| The Phalen BankSt. Paul, MN | Jan 21, 1995 |
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 20843 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.