# AMTRUST BANK

> **Failed bank** · CLEVELAND, OH · failed 2009-12-04 · Savings bank · FDIC cost $1,687M

## What happened

AMTRUST BANK of CLEVELAND, OH was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- DESERT HILLS BANK (PHOENIX, AZ) — failed 2010-03-26 — /failed-bank/3773

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMTRUST BANK (FDIC ID 3721), failed 2009-12-04. Retrieved via AI Analytics 2026-07-17 from https://api.ai-analytics.org/failed-bank/3721.

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