Bank failure · OH
American National Bank (Parma, OH) — failed March 19, 2010
American National Bank of Parma, Ohio was closed on March 19, 2010 and resolved through a purchase and assumption. The National Bank and Trust Company (OH) took over its insured deposits. At failure it held $70.3M in assets and $66.8M in deposits. The FDIC's estimated loss on the failure is $15.0M (21.3% of assets).
- Closing date
- March 19, 2010
- FDIC certificate #
- 18806
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The National Bank and Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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