# NEW CENTURY BANK

> **Failed bank** · SHELBY TOWNSHIP, MI · failed 2002-03-28 · State commercial bank, Federal Reserve member · FDIC cost $4M

## What happened

NEW CENTURY BANK of SHELBY TOWNSHIP, MI was closed by state regulators on **2002-03-28**. The FDIC was named receiver.

**Resolution:** PO

Deposits were transferred to **0** (0, 0). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3540
- **FDIC Certificate:** 34979
- **FDIC FIN:** 4655
- **Bank name:** NEW CENTURY BANK
- **Location:** SHELBY TOWNSHIP, MI
- **Failure date:** 2002-03-28
- **FDIC resolution date:** 2002-03-28
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** PO
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $19M
- **Assets at failure:** $21M
- **Acquiring bank:** 0 (0, 0)

## Other banks 0 has acquired in FDIC resolutions

- THE COMMUNITY'S BANK (BRIDGEPORT, CT) — failed 2013-09-13 — /failed-bank/4055
- NOVA BANK (BERWYN, PA) — failed 2012-10-26 — /failed-bank/4029
- BANK OF THE EASTERN SHORE (CAMBRIDGE, MD) — failed 2012-04-27 — /failed-bank/4001
- NEW CITY BANK (CHICAGO, IL) — failed 2012-03-09 — /failed-bank/3995
- HOME SAVINGS OF AMERICA (LITTLE FALLS, MN) — failed 2012-02-24 — /failed-bank/3993
- FIRSTIER BANK (LOUISVILLE, CO) — failed 2011-01-28 — /failed-bank/3901
- ENTERPRISE BANKING COMPANY (MCDONOUGH, GA) — failed 2011-01-21 — /failed-bank/3894
- FIRST ARIZONA SAVINGS, A FSB (SCOTTSDALE, AZ) — failed 2010-10-22 — /failed-bank/3871
- IDEAL FEDERAL SAVINGS BANK (BALTIMORE, MD) — failed 2010-07-09 — /failed-bank/3821
- ARCOLA HOMESTEAD SAVINGS BANK (ARCOLA, IL) — failed 2010-06-04 — /failed-bank/3814

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=NEW%20CENTURY%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NEW CENTURY BANK (FDIC ID 3540), failed 2002-03-28. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3540.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*