Bank failure · FL

First Federal Bank of North Florida (Palatka, FL) — failed April 16, 2010

First Federal Bank of North Florida of Palatka, Florida was closed on April 16, 2010 and resolved through a purchase and assumption. TD Bank, National Association (DE) took over its insured deposits. At failure it held $440.1M in assets and $369.6M in deposits. The FDIC's estimated loss on the failure is $12.0M (2.7% of assets).