KEY WEST BANK Failed 2010
What happened
KEY WEST BANK of KEY WEST, FL was closed on 2010-03-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTENNIAL BANK (CONWAY, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3772
- FDIC Certificate
- 34684
- FDIC FIN
- 10206
- Bank name
- KEY WEST BANK
- Location
- KEY WEST, FL
- Failure date
- 2010-03-26
- FDIC resolution date
- 2010-03-26
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $16M
- Deposits at failure
- $68M
- Assets at failure
- $88M
- Acquiring bank
- CENTENNIAL BANK (CONWAY, AR)
Other banks CENTENNIAL BANK acquired in FDIC resolutions