LIBERTYPOINTE BANK Failed 2010
What happened
LIBERTYPOINTE BANK of NEW YORK, NY was closed on 2010-03-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to VALLEY NATIONAL BANK (WAYNE, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3760
- FDIC Certificate
- 58071
- FDIC FIN
- 10194
- Bank name
- LIBERTYPOINTE BANK
- Location
- NEW YORK, NY
- Failure date
- 2010-03-11
- FDIC resolution date
- 2010-03-11
- 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.)
- $18M
- Deposits at failure
- $209M
- Assets at failure
- $217M
- Acquiring bank
- VALLEY NATIONAL BANK (WAYNE, NJ)
Other banks VALLEY NATIONAL BANK acquired in FDIC resolutions