PUTNAM STATE BANK Failed 2012

PALATKA, FL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

PUTNAM STATE BANK of PALATKA, FL was closed on 2012-06-15. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to HARBOR COMMUNITY BANK (INDIANTOWN, FL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4012
FDIC Certificate
27405
FDIC FIN
10445
Bank name
PUTNAM STATE BANK
Location
PALATKA, FL
Failure date
2012-06-15
FDIC resolution date
2012-06-15
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$29M
Deposits at failure
$160M
Assets at failure
$169M
Acquiring bank
HARBOR COMMUNITY BANK (INDIANTOWN, FL)