NEW LIBERTY BANK Failed 2010

PLYMOUTH, MI · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

NEW LIBERTY BANK of PLYMOUTH, MI was closed on 2010-05-14. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to BANK OF ANN ARBOR (ANN ARBOR, MI). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3805
FDIC Certificate
35586
FDIC FIN
10237
Bank name
NEW LIBERTY BANK
Location
PLYMOUTH, MI
Failure date
2010-05-14
FDIC resolution date
2010-05-14
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.)
$24M
Deposits at failure
$102M
Assets at failure
$111M
Acquiring bank
BANK OF ANN ARBOR (ANN ARBOR, MI)