Banks Acquiring Failed Banks

Enter Bank Name :   Search
     
ALL   2011   2010   2009   2008



  Big Banks   Medium Banks   Small Banks
     

Banks failed in 2010

# 7

Failed Bank : Charter Bank - Santa Fe, New Mexico
Date Closed : January 22, 2010
Assets : $1.2 billion
Deposits : $851.5 million
Acquiring Bank : Charter Bank - Albuquerque, New Mexico
Assets Purchased : $1.2 billion
Deposits Purchased : $851.5 million
Premium paid for acquiring deposits : -
Loss Sharing Agreement with FDIC for assets : $805.5 million
Cost to the Deposit Insurance Fund : $201.9 million
Notes FDIC entered into a purchase and assumption agreement with Charter Bank, Albuquerque, New Mexico, a newly-chartered federal savings bank and a subsidiary of Beal Financial Corporation, Plano, Texas, to assume all of the deposits of Charter Bank.

# 6

Failed Bank : Bank of Leeton - Leeton, Missouri
Date Closed : January 22, 2010
Assets : $20.1 million
Deposits : $20.4 million
Acquiring Bank : Sunflower Bank, National Association - Salina, Kansas
Assets Purchased :
Deposits Purchased : $20.4 million
Premium paid for acquiring deposits : 0.59 percent
Loss Sharing Agreement with FDIC for assets : -
Cost to the Deposit Insurance Fund : $8.1 million
Notes Sunflower Bank, N.A. will pay the FDIC a premium of 0.59 percent to assume all of the deposits of Bank of Leeton. The FDIC as receiver will retain most of the assets from Bank of Leeton for later disposition.

# 5

Failed Bank : Premier American Bank - Miami, Florida
Date Closed : January 22, 2010
Assets : $350.9 million
Deposits : $326.3 million
Acquiring Bank : Premier American Bank, National Association - Miami, Florida
Assets Purchased : $350.9 million
Deposits Purchased : $326.3 million
Premium paid for acquiring deposits : -
Loss Sharing Agreement with FDIC for assets : $300 million
Cost to the Deposit Insurance Fund : $85 million
Notes FDIC entered into a purchase and assumption agreement with Premier American Bank, National Association, Miami, Florida, a newly-chartered national institution, to assume all of the deposits of Premier American Bank. Premier American Bank, N.A. is a subsidiary of Bond Street Holdings, LLC, Naples, Florida.

# 4

Failed Bank : Barnes Banking Company - Kaysville, Utah
Date Closed : January 15, 2010
Assets : $827.8 million
Deposits : $786.5 million
Acquiring Bank : Deposit Insurance National Bank of Kaysville (DINB) - -
Assets Purchased : -
Deposits Purchased : -
Premium paid for acquiring deposits : -
Loss Sharing Agreement with FDIC for assets : -
Cost to the Deposit Insurance Fund : $271.3 million
Notes FDIC Creates a Deposit Insurance National Bank of Kaysville, Utah to Protect Insured Depositors of Barnes Banking Company, Kaysville, Utah Zions First National Bank to Provide Temporary Operational Management

# 3

Failed Bank : St. Stephen State Bank - St. Stephen, Minnesota
Date Closed : January 15, 2010
Assets : $24.7 million
Deposits : $23.4 million
Acquiring Bank : First State Bank of St. Joseph - St. Joseph, Minnesota
Assets Purchased : $24.7 million
Deposits Purchased : $23.4 million
Premium paid for acquiring deposits : -
Loss Sharing Agreement with FDIC for assets : $20.4 million
Cost to the Deposit Insurance Fund : $7.2 million
Notes First State Bank of St. Joseph agreed to purchase essentially all of the failed bank's assets.

# 2

Failed Bank : Town Community Bank and Trust - Antioch, Illinois
Date Closed : January 15, 2010
Assets : $69.6 million
Deposits : $67.4 million
Acquiring Bank : First American Bank - Elk Grove Village, Illinois
Assets Purchased : $67.6 million
Deposits Purchased : $67.4 million
Premium paid for acquiring deposits : -
Loss Sharing Agreement with FDIC for assets : $56.2 million
Cost to the Deposit Insurance Fund : $17.8 million
Notes First American Bank agreed to purchase approximately $67.6 million of Town Community Bank and Trust's assets. The FDIC retained the remaining assets for later disposition.

# 1

Failed Bank : Horizon Bank - Bellingham, Washington
Date Closed : January 08, 2010
Assets : $1.3 billion
Deposits : $1.1 billion
Acquiring Bank : Washington Federal Savings and Loan Association - Seattle, Washington
Assets Purchased : $1.3 billion
Deposits Purchased : $1.1 billion
Premium paid for acquiring deposits : -
Loss Sharing Agreement with FDIC for assets : $1.0 billion
Cost to the Deposit Insurance Fund : $539.1 million
Notes Washington Federal Savings and Loan Association agreed to purchase essentially all of the assets of the failed bank.


Displaying results 151-157 of 157 found
Results:  « Prev   61-70  71-80  81-90  91-100  101-110  111-120  121-130  131-140  141-150  151-157