Bank failure · OH
Bramble Savings Bank (Milford, OH) — failed September 17, 2010
Bramble Savings Bank of Milford, Ohio was closed on September 17, 2010 and resolved through a purchase and assumption. Foundation Bank (OH) took over its insured deposits. At failure it held $47.5M in assets and $41.6M in deposits. The FDIC's estimated loss on the failure is $17.9M (37.7% of assets).
- Closing date
- September 17, 2010
- FDIC certificate #
- 27808
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Foundation Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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