FIRST FEDERAL BANK OF NORTH FLORIDA Failed 2010
What happened
FIRST FEDERAL BANK OF NORTH FLORIDA of PALATKA, FL was closed on 2010-04-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TD BANK, NATIONAL ASSOCIATION (WILMINGTON, DE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3780
- FDIC Certificate
- 28886
- FDIC FIN
- 10213
- Bank name
- FIRST FEDERAL BANK OF NORTH FLORIDA
- Location
- PALATKA, FL
- Failure date
- 2010-04-16
- FDIC resolution date
- 2010-04-16
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $12M
- Deposits at failure
- $370M
- Assets at failure
- $440M
- Acquiring bank
- TD BANK, NATIONAL ASSOCIATION (WILMINGTON, DE)
Other banks TD BANK, NATIONAL ASSOCIATION acquired in FDIC resolutions