Bank failure · MI
Lakeside Community Bank (Sterling Heights, MI) — failed April 16, 2010
Lakeside Community Bank of Sterling Heights, Michigan was closed on April 16, 2010 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $49.2M in assets and $48.6M in deposits. The FDIC's estimated loss on the failure is $21.0M (42.7% of assets).
- Closing date
- April 16, 2010
- FDIC certificate #
- 34878
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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