BANK OF JACKSON COUNTY Failed 2013
What happened
BANK OF JACKSON COUNTY of GRACEVILLE, FL was closed on 2013-10-30. 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
- 4056
- FDIC Certificate
- 14794
- FDIC FIN
- 10490
- Bank name
- BANK OF JACKSON COUNTY
- Location
- GRACEVILLE, FL
- Failure date
- 2013-10-30
- FDIC resolution date
- 2013-10-30
- 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.)
- $6M
- Deposits at failure
- $25M
- Assets at failure
- $25M
- Acquiring bank
- FIRST FEDERAL BANK OF FLORIDA (LAKE CITY, FL)
Other banks FIRST FEDERAL BANK OF FLORIDA acquired in FDIC resolutions