# PUTNAM STATE BANK

> **Failed bank** · PALATKA, FL · failed 2012-06-15 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $29M

## What happened

PUTNAM STATE BANK of PALATKA, FL was closed by regulators 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
- **Estimated FDIC DIF cost:** $29M
- **Deposits at failure:** $160M
- **Assets at failure:** $169M
- **Acquiring bank:** HARBOR COMMUNITY BANK (INDIANTOWN, FL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PUTNAM%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PUTNAM STATE BANK (FDIC ID 4012), failed 2012-06-15. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/4012.

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