WATERFORD VILLAGE BANK Failed 2009

WILLIAMSVILLE, NY · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

WATERFORD VILLAGE BANK of WILLIAMSVILLE, NY was closed on 2009-07-24. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to EVANS BANK NATIONAL ASSOCIATION (ANGOLA, NY). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3657
FDIC Certificate
58065
FDIC FIN
10091
Bank name
WATERFORD VILLAGE BANK
Location
WILLIAMSVILLE, NY
Failure date
2009-07-24
FDIC resolution date
2009-07-24
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$8M
Deposits at failure
$56M
Assets at failure
$56M
Acquiring bank
EVANS BANK NATIONAL ASSOCIATION (ANGOLA, NY)