HILLCREST BANK FLORIDA Failed 2009
What happened
HILLCREST BANK FLORIDA of NAPLES, FL was closed on 2009-10-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to STONEGATE BANK (FORT LAUDERDALE, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3699
- FDIC Certificate
- 58336
- FDIC FIN
- 10131
- Bank name
- HILLCREST BANK FLORIDA
- Location
- NAPLES, FL
- Failure date
- 2009-10-23
- FDIC resolution date
- 2009-10-23
- 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.)
- $43M
- Deposits at failure
- $83M
- Assets at failure
- $83M
- Acquiring bank
- STONEGATE BANK (FORT LAUDERDALE, FL)
Other banks STONEGATE BANK acquired in FDIC resolutions