AMERICAN NATIONAL BANK Failed 2010

What happened

AMERICAN NATIONAL BANK of PARMA, OH was closed on 2010-03-19. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to THE NATIONAL BANK AND TRUST COMPANY (WILMINGTON, OH). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3766

FDIC Certificate

18806

FDIC FIN

10201

Bank name

AMERICAN NATIONAL BANK

Location

PARMA, OH

Failure date

2010-03-19

FDIC resolution date

2010-03-19

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$15M

Deposits at failure

$67M

Assets at failure

$70M

Acquiring bank

THE NATIONAL BANK AND TRUST COMPANY (WILMINGTON, OH)