Bank failure · MI
Cf Bancorp (Port Huron, MI) — failed April 30, 2010
Cf Bancorp of Port Huron, Michigan was closed on April 30, 2010 and resolved through a purchase and assumption. First Michigan Bank (MI) took over its insured deposits. At failure it held $1.6B in assets and $1.4B in deposits. The FDIC's estimated loss on the failure is $340.6M (21.3% of assets).
- Closing date
- April 30, 2010
- FDIC certificate #
- 30005
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Michigan Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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