Bank failure · OH

Amtrust Bank (Cleveland, OH) — failed December 4, 2009

Amtrust Bank of Cleveland, Ohio was closed on December 4, 2009 and resolved through a purchase and assumption. New York Community Bank (NY) took over its insured deposits. At failure it held $11.4B in assets and $8.6B in deposits. The FDIC's estimated loss on the failure is $1.7B (14.8% of assets).