Bank Branches › Closed and merged banks › Minnesota › Flagship Bank Minnesota
What happened to Flagship Bank Minnesota?
Flagship Bank Minnesota in Wayzata, MN (earlier called The Sibley County Bank and 3 other names) merged into Security Bank & Trust Company of Glencoe, MN on Apr 19, 2024. Security Bank & Trust Company 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.
- 1875The Sibley County Bank opens in Wayzata, MN
- Apr 18, 1994renamed Community Bank Henderson
- Sep 15, 1997renamed Community Bank Jordan
- Aug 31, 1999renamed Community Bank Minnesota Valley
- Oct 16, 2006renamed Flagship Bank Minnesota
- Apr 19, 2024MERGEDFlagship Bank Minnesota merged into Security Bank & Trust Company of Glencoe, MN.FDIC certificate 8188 ends; its business continues under certificate 15324.
- TodayOPEN
Security Bank & Trust CompanyMain office Glencoe, MN · FDIC certificate 15324 · 26 offices in 1 state on June 30, 2026Every Security Bank & Trust Company office → Website on file with the FDIC: www.security-banks.com
If you still have something from Flagship Bank Minnesota
A lien that was never released
If a paid-off mortgage, home-equity line or car loan still shows Flagship Bank Minnesota as lienholder, start with Security Bank & Trust Company. 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 Security Bank & Trust Company to search for the account under the name Flagship Bank Minnesota. 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 Security Bank & Trust Company which branch now holds boxes from the Flagship Bank Minnesota 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
12 offices filed under this charter in some year from 1994 on. 11 are still open as of June 30, 2026.
| Office | Now |
|---|---|
| 1415 Wayzata BlvdWayzata, MN | OpenSecurity Bank & Trust Company |
| 101 Creek Ln SJordan, MN | OpenHomeTown Bank |
| 711 6th Ave NeIsanti, MN | OpenSecurity Bank & Trust Company |
| 7525 Office Ridge CirEden Prairie, MN | OpenSecurity Bank & Trust Company |
| 326 Broadway StCleveland, MN | OpenHomeTown Bank |
| 102 S 3rd StSt. Peter, MN | OpenHomeTown Bank |
| 3330 County Road 101 SWayzata, MN | OpenSecurity Bank & Trust Company |
| 309 N Main StLe Sueur, MN | OpenHomeTown Bank |
| 14150 Saint Francis BlvdRamsey, MN | OpenSecurity Bank & Trust Company |
| 409 Main StHenderson, MN | OpenHomeTown Bank |
| 1048 Meadowlands DrWhite Bear Lake, MN | OpenSecurity Bank & Trust Company |
| 150 West Lake StWayzata, MN | No longer reported |
Banks folded into Flagship Bank Minnesota
3 banks merged directly into this charter.
| Bank | Ended |
|---|---|
| Landmark Community Bank, National AssociationIsanti, MN | Oct 1, 2016 |
| Flagship Bank WinstedWinsted, MN | Apr 27, 2013 |
| Community Bank St. PeterSt. Peter, MN | Oct 12, 1999 |
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 8188 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.