FIRST BANKAMERICANO Failed 2009

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

What happened

FIRST BANKAMERICANO of ELIZABTH, NJ was closed on 2009-07-31. The FDIC was named receiver.

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

Deposits were transferred to CROWN BANK (BRICK, NJ). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3661
FDIC Certificate
34270
FDIC FIN
10097
Bank name
FIRST BANKAMERICANO
Location
ELIZABTH, NJ
Failure date
2009-07-31
FDIC resolution date
2009-07-31
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.)
$20M
Deposits at failure
$155M
Assets at failure
$163M
Acquiring bank
CROWN BANK (BRICK, NJ)