# LIBERTYPOINTE BANK

> **Failed bank** · NEW YORK, NY · failed 2010-03-11 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $18M

## What happened

LIBERTYPOINTE BANK of NEW YORK, NY was closed by regulators 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
- **Estimated FDIC DIF cost:** $18M
- **Deposits at failure:** $209M
- **Assets at failure:** $217M
- **Acquiring bank:** VALLEY NATIONAL BANK (WAYNE, NJ)

## Other banks VALLEY NATIONAL BANK has acquired in FDIC resolutions

- THE PARK AVENUE BANK (NEW YORK, NY) — failed 2010-03-12 — /failed-bank/3761
- POWDER MILL BANK (MORRIS PLAINS, NJ) — failed 1992-05-22 — /failed-bank/3328

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LIBERTYPOINTE BANK (FDIC ID 3760), failed 2010-03-11. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/3760.

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