CENTURY NATIONAL BANK Failed 1984

What happened

CENTURY NATIONAL BANK of JACKSONVILLE, FL was closed on 1984-09-20. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to BARNETT BK JACKSONVILLE (JACKSONVILLE, FL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

918

FDIC Certificate

22369

FDIC FIN

2417

Bank name

CENTURY NATIONAL BANK

Location

JACKSONVILLE, FL

Failure date

1984-09-20

FDIC resolution date

1984-09-20

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$2M

Deposits at failure

$13M

Assets at failure

$13M

Acquiring bank

BARNETT BK JACKSONVILLE (JACKSONVILLE, FL)