# FIRST FEDERAL BANK OF NORTH FLORIDA

> **Failed bank** · PALATKA, FL · failed 2010-04-16 · Savings bank · FDIC cost $12M

## What happened

FIRST FEDERAL BANK OF NORTH FLORIDA of PALATKA, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $12M
- **Deposits at failure:** $370M
- **Assets at failure:** $440M
- **Acquiring bank:** TD BANK, NATIONAL ASSOCIATION (WILMINGTON, DE)

## Other banks TD BANK, NATIONAL ASSOCIATION has acquired in FDIC resolutions

- AMERICANFIRST BANK (CLERMONT, FL) — failed 2010-04-16 — /failed-bank/3783
- RIVERSIDE NATIONAL BANK OF FLORIDA (FORT PIERCE, FL) — failed 2010-04-16 — /failed-bank/3778

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FEDERAL%20BANK%20OF%20NORTH%20FLORIDA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FEDERAL BANK OF NORTH FLORIDA (FDIC ID 3780), failed 2010-04-16. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3780.

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