Banks Acquiring Failed Banks

Enter Bank Name :   Search
     
ALL    2009 Banks    2008 Banks    Big Banks    Medium Banks    Small Banks
     

Banks failed in 2010


# 97

Failed Bank : Sterling Bank - Lantana, Florida
Date Closed : July 23, 2010
Assets : $407.9 million
Deposits : $372.4 million
Acquiring Bank : IBERIABANK - Lafayette, Louisiana
Assets Purchased : $407.9 million
Deposits Purchased : $372.4 million
Premium paid for acquiring deposits : -
Loss Sharing Agreement with FDIC for assets : $244.3 million
Cost to the Deposit Insurance Fund : $45.5 million
Notes IBERIABANK did not pay the FDIC a premium for the deposits of Sterling Bank. In addition to assuming all of the deposits of the failed bank, IBERIABANK agreed to purchase essentially all of the assets.

# 96

Failed Bank : Mainstreet Savings Bank, FSB - Hastings, Michigan
Date Closed : July 16, 2010
Assets : $97.4 million
Deposits : $63.7 million
Acquiring Bank : Commercial Bank - Alma, Michigan
Assets Purchased : $97.4 million
Deposits Purchased : $63.7 million
Premium paid for acquiring deposits : 1.13 percent
Loss Sharing Agreement with FDIC for assets : $77.1 million
Cost to the Deposit Insurance Fund : $11.4 million
Notes Commercial Bank will pay the FDIC a premium of 1.13 percent to assume all of the deposits of Mainstreet Savings Bank, FSB. In addition to assuming all of the deposits of the failed bank, Commercial Bank agreed to purchase essentially all of the assets.

# 95

Failed Bank : Olde Cypress Community Bank - Clewiston, Florida
Date Closed : July 16, 2010
Assets : $168.7 million
Deposits : $162.4 million
Acquiring Bank : CenterState Bank of Florida, National Association - Winter Haven, Florida
Assets Purchased : $168.7 million
Deposits Purchased : $162.4 million
Premium paid for acquiring deposits : -
Loss Sharing Agreement with FDIC for assets : $128.2 million
Cost to the Deposit Insurance Fund : $31.5 million
Notes CenterState Bank of Florida, N.A. did not pay the FDIC a premium for the deposits of Olde Cypress Community Bank. In addition to assuming all of the deposits of the failed bank, CenterState Bank of Florida, N.A. agreed to purchase essentially all of the assets.

# 94

Failed Bank : Turnberry Bank - Aventura, Florida
Date Closed : July 16, 2010
Assets : $263.9 million
Deposits : $196.9 million
Acquiring Bank : NAFH National Bank - Miami, FL
Assets Purchased : $263.9 million
Deposits Purchased : $196.9 million
Premium paid for acquiring deposits : -
Loss Sharing Agreement with FDIC for assets : $194.6 million
Cost to the Deposit Insurance Fund : $34.4 million
Notes NAFH National Bank did not pay the FDIC a premium for the deposits of the failed banks. In addition to assuming all the deposits from the two Florida institutions and one South Carolina institution, NAFH National Bank will purchase virtually all their assets.

# 93

Failed Bank : Metro Bank of Dade County - Miami, Florida
Date Closed : July 16, 2010
Assets : $442.3 million
Deposits : $391.3 million
Acquiring Bank : NAFH National Bank - Miami, FL
Assets Purchased : $442.3 million
Deposits Purchased : $391.3 million
Premium paid for acquiring deposits : -
Loss Sharing Agreement with FDIC for assets : $299.3 million
Cost to the Deposit Insurance Fund : $67.6 million
Notes NAFH National Bank did not pay the FDIC a premium for the deposits of the failed banks. In addition to assuming all the deposits from the two Florida institutions and one South Carolina institution, NAFH National Bank will purchase virtually all their assets.

# 92

Failed Bank : First National Bank of the South - Spartanburg, South Carolina
Date Closed : July 16, 2010
Assets : $682.0 million
Deposits : $610.1 million
Acquiring Bank : NAFH National Bank - Miami, FL
Assets Purchased : $682.0 million
Deposits Purchased : $610.1 million
Premium paid for acquiring deposits : -
Loss Sharing Agreement with FDIC for assets : $512.4 million
Cost to the Deposit Insurance Fund : $74.9 million
Notes NAFH National Bank did not pay the FDIC a premium for the deposits of the failed banks. In addition to assuming all the deposits from the two Florida institutions and one South Carolina institution, NAFH National Bank will purchase virtually all their assets.

# 91

Failed Bank : Woodlands Bank - Bluffton, South Carolina
Date Closed : July 16, 2010
Assets : $376.2 million
Deposits : $355.3 million
Acquiring Bank : Bank of the Ozarks - Little Rock, Arkansas
Assets Purchased : $376.2 million
Deposits Purchased : $355.3 million
Premium paid for acquiring deposits : -
Loss Sharing Agreement with FDIC for assets : $288.7 million
Cost to the Deposit Insurance Fund : $115.0 million
Notes Bank of the Ozarks did not pay the FDIC a premium for the deposits of Woodlands Bank. In addition to assuming all of the deposits of the failed bank, Bank of the Ozarks agreed to purchase essentially all of the assets.

# 90

Failed Bank : Home National Bank - Blackwell, Oklahoma
Date Closed : July 09, 2010
Assets : $644.5 million
Deposits : $560.7 million
Acquiring Bank : RCB Bank - Claremore, Oklahoma
Assets Purchased : $340.7 million
Deposits Purchased : $560.7 million
Premium paid for acquiring deposits : 0.22 percent
Loss Sharing Agreement with FDIC for assets : $260.8 million
Cost to the Deposit Insurance Fund : $78.7 million
Notes RCB Bank paid the FDIC a premium of 0.22 percent for the deposits of Home National Bank. In addition to assuming the deposits, RCB Bank agreed to purchase approximately $340.7 million of the failed bank's assets. In a separate transaction with the FDIC, Enterprise Bank & Trust, Clayton, Missouri agreed to purchase approximately $260.8 million of Home National Bank's assets. The FDIC will retain the remaining assets for later disposition. The FDIC and Enterprise Bank & Trust entered into a loss-share transaction on $260.8 million of Home National Bank's assets purchased from the FDIC.

# 89

Failed Bank : USA Bank - Port Chester, New York
Date Closed : July 09, 2010
Assets : $193.3 million
Deposits : $189.9 million
Acquiring Bank : New Century Bank - Phoenixville, Pennsylvania
Assets Purchased : $193.3 million
Deposits Purchased : $189.9 million
Premium paid for acquiring deposits : -
Loss Sharing Agreement with FDIC for assets : $159.1 million
Cost to the Deposit Insurance Fund : $61.7 million
Notes New Century Bank agreed to purchase essentially all of the assets. The FDIC and New Century Bank entered into a loss-share transaction on $159.1 million of USA Bank's assets.

# 88

Failed Bank : Ideal Federal Savings Bank - Baltimore, Maryland
Date Closed : July 09, 2010
Assets : $6.3 million
Deposits : $5.8 million
Acquiring Bank : FDIC - -
Assets Purchased : -
Deposits Purchased : -
Premium paid for acquiring deposits : -
Loss Sharing Agreement with FDIC for assets : -
Cost to the Deposit Insurance Fund : $2.1 million
Notes FDIC Approves the Payout of the Insured Deposits of Ideal Federal Savings Bank, Baltimore, Maryland


Displaying results 61-70 of 157 found
Results:  « Prev   11-20  21-30  31-40  41-50  51-60  61-70  71-80  81-90  91-100  101-110   Next »