FIRST EAST SIDE SAVINGS BANK Failed 2012
What happened
FIRST EAST SIDE SAVINGS BANK of TAMARAC, FL was closed on 2012-10-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to STEARNS BANK NATIONAL ASSOCIATION (ST. CLOUD, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4027
- FDIC Certificate
- 28144
- FDIC FIN
- 10461
- Bank name
- FIRST EAST SIDE SAVINGS BANK
- Location
- TAMARAC, FL
- Failure date
- 2012-10-19
- FDIC resolution date
- 2012-10-19
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $12M
- Deposits at failure
- $65M
- Assets at failure
- $66M
- Acquiring bank
- STEARNS BANK NATIONAL ASSOCIATION (ST. CLOUD, MN)
Other banks STEARNS BANK NATIONAL ASSOCIATION acquired in FDIC resolutions