AMERICANFIRST BANK Failed 2010
What happened
AMERICANFIRST BANK of CLERMONT, 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
- 3783
- FDIC Certificate
- 57724
- FDIC FIN
- 10210
- Bank name
- AMERICANFIRST BANK
- Location
- CLERMONT, FL
- Failure date
- 2010-04-16
- FDIC resolution date
- 2010-04-16
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $16M
- Deposits at failure
- $100M
- Assets at failure
- $104M
- Acquiring bank
- TD BANK, NATIONAL ASSOCIATION (WILMINGTON, DE)
Other banks TD BANK, NATIONAL ASSOCIATION acquired in FDIC resolutions