TURNBERRY BANK Failed 2010
What happened
TURNBERRY BANK of AVENTURA, FL was closed on 2010-07-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NAFH NATIONAL BANK (MIAMI, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3827
- FDIC Certificate
- 32280
- FDIC FIN
- 10261
- Bank name
- TURNBERRY BANK
- Location
- AVENTURA, FL
- Failure date
- 2010-07-16
- FDIC resolution date
- 2010-07-16
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $29M
- Deposits at failure
- $179M
- Assets at failure
- $240M
- Acquiring bank
- NAFH NATIONAL BANK (MIAMI, FL)
Other banks NAFH NATIONAL BANK acquired in FDIC resolutions