THE PARK AVENUE BANK Failed 2011
What happened
THE PARK AVENUE BANK of VALDOSTA, GA was closed on 2011-04-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF THE OZARKS (LITTLE ROCK, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3925
- FDIC Certificate
- 19797
- FDIC FIN
- 10363
- Bank name
- THE PARK AVENUE BANK
- Location
- VALDOSTA, GA
- Failure date
- 2011-04-29
- FDIC resolution date
- 2011-04-29
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $212M
- Deposits at failure
- $724M
- Assets at failure
- $849M
- Acquiring bank
- BANK OF THE OZARKS (LITTLE ROCK, AR)
Other banks BANK OF THE OZARKS acquired in FDIC resolutions