AMTRUST BANK Failed 2009
What happened
AMTRUST BANK of CLEVELAND, OH was closed on 2009-12-04. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NEW YORK COMMUNITY BANK (WESTBURY, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3721
- FDIC Certificate
- 29776
- FDIC FIN
- 10155
- Bank name
- AMTRUST BANK
- Location
- CLEVELAND, OH
- Failure date
- 2009-12-04
- FDIC resolution date
- 2009-12-04
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1,687M
- Deposits at failure
- $8,559M
- Assets at failure
- $11,439M
- Acquiring bank
- NEW YORK COMMUNITY BANK (WESTBURY, NY)
Other banks NEW YORK COMMUNITY BANK acquired in FDIC resolutions