Bank failure · FL

Hamilton Bank, National Association (Miami, FL) — failed January 11, 2002

Hamilton Bank, National Association of Miami, Florida was closed on January 11, 2002 and resolved through a purchase and assumption (insured deposits). Israel Discount Bank of New (NY) took over its insured deposits. At failure it held $1.4B in assets and $1.3B in deposits. The FDIC's estimated loss on the failure is $101.7M (7.2% of assets).

Closing date: January 11, 2002
FDIC certificate #: 24382
Resolution: Purchase and assumption (insured deposits) (failure)
Acquiring institution: Israel Discount Bank of New
Insurance fund: BIF
Pre-failure filings: Last reported financials

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