Bank Branches › Closed and merged banks › Minnesota › American Bank of the North
What happened to American Bank of the North?
American Bank of the North in Nashwauk, MN (earlier called The American National Bank of Nashwauk and 1 other name) merged into Park State Bank of Duluth, MN on May 22, 2021. Park State 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.
- 1920The American National Bank of Nashwauk opens in Nashwauk, MN
- Jul 26, 1993renamed The American Bank of Nashwauk
- Apr 1, 2002renamed American Bank of the North
- May 22, 2021MERGEDAmerican Bank of the North merged into Park State Bank of Duluth, MN.FDIC certificate 5216 ends; its business continues under certificate 8851.
- TodayOPEN
Park State BankMain office Duluth, MN · FDIC certificate 8851 · 18 offices in 1 state on June 30, 2026Every Park State Bank office → Website on file with the FDIC: www.parkstatebank.com
If you still have something from American Bank of the North
A lien that was never released
If a paid-off mortgage, home-equity line or car loan still shows American Bank of the North as lienholder, start with Park State 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 Park State Bank to search for the account under the name American Bank of the North. 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 Park State Bank which branch now holds boxes from the American Bank of the North 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
23 offices filed under this charter in some year from 1994 on. 9 are still open as of June 30, 2026.
| Office | Now |
|---|---|
| 8401 Unity DrMountain Iron, MN | OpenPark State Bank |
| 2015 3rd Ave EHibbing, MN | OpenPark State Bank |
| 1215 S Pokegama AveGrand Rapids, MN | OpenPark State Bank |
| 117 Central AveNashwauk, MN | OpenPark State Bank |
| 428 Nw 4th AveGrand Rapids, MN | OpenPark State Bank |
| 128 N Highway 53Cook, MN | OpenPark State Bank |
| 231 W Lake StChisholm, MN | OpenPark State Bank |
| 4539 Highway 53Orr, MN | OpenPark State Bank |
| 221 Main St NBiwabik, MN | OpenPark State Bank |
| 522 E Howard StreetHibbing, MN | No longer reported |
| 1309 Oak Ave, Suite 208Waconia, MN | No longer reported |
| Platt Ave ENashwauk, MN | No longer reported |
| U.S. Highway 169Calumet, MN | No longer reported |
| 2310 3rd Street NwGrand Rapids, MN | No longer reported |
| 12080 Highway 169Hibbing, MN | No longer reported |
| 2410 Pokegama Avenue SouthGrand Rapids, MN | No longer reported |
| 301 2nd StreetBovey, MN | No longer reported |
| 100 Se 29th StreetGrand Rapids, MN | No longer reported |
| 301 North First StreetKeewatin, MN | No longer reported |
| Platt Ave ENashwauk, MN | No longer reported |
| 990 West 41st StreetHibbing, MN | No longer reported |
| 202 Central AvenueNashwauk, MN | No longer reported |
| Main StreetNashwauk, MN | No longer reported |
Banks folded into American Bank of the North
3 banks merged directly into this charter; counting the banks those had absorbed earlier, 4 charters end up inside it.
| Bank | Ended |
|---|---|
| Mountain Iron First State BankMountain Iron, MN | Apr 1, 2002 |
| American Bank of the NorthGrand Rapids, MN | Apr 1, 2002 |
| The First National Bank of NashwaukNashwauk, MN | Feb 1, 1992 |
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 5216 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.