THE FIRST NATIONAL BANK OF FLORIDA Failed 2011
What happened
THE FIRST NATIONAL BANK OF FLORIDA of MILTON, FL was closed on 2011-09-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CHARTERBANK (WEST POINT, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3961
- FDIC Certificate
- 25155
- FDIC FIN
- 10395
- Bank name
- THE FIRST NATIONAL BANK OF FLORIDA
- Location
- MILTON, FL
- Failure date
- 2011-09-09
- FDIC resolution date
- 2011-09-09
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $76M
- Deposits at failure
- $280M
- Assets at failure
- $297M
- Acquiring bank
- CHARTERBANK (WEST POINT, GA)
Other banks CHARTERBANK acquired in FDIC resolutions