# FIRST EAST SIDE SAVINGS BANK

> **Failed bank** · TAMARAC, FL · failed 2012-10-19 · Savings bank · FDIC cost $12M

## What happened

FIRST EAST SIDE SAVINGS BANK of TAMARAC, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $12M
- **Deposits at failure:** $65M
- **Assets at failure:** $66M
- **Acquiring bank:** STEARNS BANK NATIONAL ASSOCIATION (ST. CLOUD, MN)

## Other banks STEARNS BANK NATIONAL ASSOCIATION has acquired in FDIC resolutions

- JASPER BANKING COMPANY (JASPER, GA) — failed 2012-07-27 — /failed-bank/4021

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20EAST%20SIDE%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST EAST SIDE SAVINGS BANK (FDIC ID 4027), failed 2012-10-19. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/4027.

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