USA BANK Failed 2010
What happened
USA BANK of PORT CHESTER, NY was closed on 2010-07-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NEW CENTURY BANK (PHOENIXVILLE, PA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3823
- FDIC Certificate
- 58072
- FDIC FIN
- 10254
- Bank name
- USA BANK
- Location
- PORT CHESTER, NY
- Failure date
- 2010-07-09
- FDIC resolution date
- 2010-07-09
- 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.)
- $64M
- Deposits at failure
- $189M
- Assets at failure
- $191M
- Acquiring bank
- NEW CENTURY BANK (PHOENIXVILLE, PA)
Other banks NEW CENTURY BANK acquired in FDIC resolutions
- ISN BANK (CHERRY HILL, NJ) — failed 2010-09-17