CF BANCORP Failed 2010
What happened
CF BANCORP of PORT HURON, MI was closed on 2010-04-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST MICHIGAN BANK (TROY, MI). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3794
- FDIC Certificate
- 30005
- FDIC FIN
- 10226
- Bank name
- CF BANCORP
- Location
- PORT HURON, MI
- Failure date
- 2010-04-30
- FDIC resolution date
- 2010-04-30
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $341M
- Deposits at failure
- $1,418M
- Assets at failure
- $1,599M
- Acquiring bank
- FIRST MICHIGAN BANK (TROY, MI)
Other banks FIRST MICHIGAN BANK acquired in FDIC resolutions