CHIPOLA COMMUNITY BANK Failed 2013
What happened
CHIPOLA COMMUNITY BANK of MARIANNA, FL was closed on 2013-04-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FEDERAL BANK OF FLORIDA (LAKE CITY, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4041
- FDIC Certificate
- 58034
- FDIC FIN
- 10473
- Bank name
- CHIPOLA COMMUNITY BANK
- Location
- MARIANNA, FL
- Failure date
- 2013-04-19
- FDIC resolution date
- 2013-04-19
- 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.)
- $8M
- Deposits at failure
- $37M
- Assets at failure
- $37M
- Acquiring bank
- FIRST FEDERAL BANK OF FLORIDA (LAKE CITY, FL)
Other banks FIRST FEDERAL BANK OF FLORIDA acquired in FDIC resolutions