LYDIAN PRIVATE BANK Failed 2011
What happened
LYDIAN PRIVATE BANK of PALM BEACH, FL was closed on 2011-08-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SABADELL UNITED BANK, NATIONAL ASSOCIATION (MIAMI, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3956
- FDIC Certificate
- 35356
- FDIC FIN
- 10392
- Bank name
- LYDIAN PRIVATE BANK
- Location
- PALM BEACH, FL
- Failure date
- 2011-08-19
- FDIC resolution date
- 2011-08-19
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $184M
- Deposits at failure
- $1,254M
- Assets at failure
- $1,700M
- Acquiring bank
- SABADELL UNITED BANK, NATIONAL ASSOCIATION (MIAMI, FL)