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FDIC closes Hallock bank

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HALLOCK -- United Valley Bank of Cavalier, N.D., has assumed all deposits of a Minnesota-based bank, the Federal Deposit Insurance Corp. said Friday in a press release.

The federal government on Friday closed Marshall Bank, National Association, which is based in Hallock. The three branches will reopen Monday as branches of United Valley Bank, and customers' deposits will automatically switch over and continue to be covered by deposit insurance.

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