NET FIRST NATIONAL BANK Failed 2002
What happened
NET FIRST NATIONAL BANK of BOCA RATON, FL was closed on 2002-03-01. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to BANK LEUMI (NEW YORK, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3539
- FDIC Certificate
- 26652
- FDIC FIN
- 4654
- Bank name
- NET FIRST NATIONAL BANK
- Location
- BOCA RATON, FL
- Failure date
- 2002-03-01
- FDIC resolution date
- 2002-03-01
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $32M
- Assets at failure
- $37M
- Acquiring bank
- BANK LEUMI (NEW YORK, NY)