HAMILTON BANK, NATIONAL ASSOCIATION Failed 2002
What happened
HAMILTON BANK, NATIONAL ASSOCIATION of MIAMI, FL was closed on 2002-01-11. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to ISRAEL DISCOUNT BANK OF NEW (NEW YORK, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3535
- FDIC Certificate
- 24382
- FDIC FIN
- 4650
- Bank name
- HAMILTON BANK, NATIONAL ASSOCIATION
- Location
- MIAMI, FL
- Failure date
- 2002-01-11
- FDIC resolution date
- 2002-01-11
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $102M
- Deposits at failure
- $1,299M
- Assets at failure
- $1,409M
- Acquiring bank
- ISRAEL DISCOUNT BANK OF NEW (NEW YORK, NY)
- FDIC comments
- Resolution Method: IDT and Partial Payout
Other banks ISRAEL DISCOUNT BANK OF NEW acquired in FDIC resolutions