Bank failure · MI
Community Central Bank (Mount Clemens, MI) — failed April 29, 2011
Community Central Bank of Mount Clemens, Michigan was closed on April 29, 2011 and resolved through a purchase and assumption. Talmer Bank and Trust (MI) took over its insured deposits. At failure it held $451.7M in assets and $371.5M in deposits. The FDIC's estimated loss on the failure is $98.6M (21.8% of assets).
- Closing date
- April 29, 2011
- FDIC certificate #
- 34234
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Talmer Bank and Trust
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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