BRAMBLE SAVINGS BANK Failed 2010
What happened
BRAMBLE SAVINGS BANK of MILFORD, OH was closed on 2010-09-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FOUNDATION BANK (CINCINNATI, OH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3854
- FDIC Certificate
- 27808
- FDIC FIN
- 10288
- Bank name
- BRAMBLE SAVINGS BANK
- Location
- MILFORD, OH
- Failure date
- 2010-09-17
- FDIC resolution date
- 2010-09-17
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $18M
- Deposits at failure
- $42M
- Assets at failure
- $48M
- Acquiring bank
- FOUNDATION BANK (CINCINNATI, OH)