Bank failure · NY
Libertypointe Bank (New York, NY) — failed March 11, 2010
Libertypointe Bank of New York, New York was closed on March 11, 2010 and resolved through a purchase and assumption. Valley National Bank (NJ) took over its insured deposits. At failure it held $216.5M in assets and $209.5M in deposits. The FDIC's estimated loss on the failure is $18.4M (8.5% of assets).
- Closing date
- March 11, 2010
- FDIC certificate #
- 58071
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Valley National Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
Other failures in 2010
- United Americas Bank GA
- Community National Bank MN
- First Southern Bank AR
- Appalacian Community Bank, F.S.B. GA
- The Bank of Miami FL
- Chestatee State Bank GA
- Paramount Bank MI
- Earthstar Bank PA
- First Banking Center WI
- Allegiance Bank of North America PA
- Gulf State Community Bank FL
- Copper Star Bank AZ
- Darby Bank & Trust Company GA
- Tifton Banking Company GA
- K Bank MD
- Western Commercial Bank CA
- First Vietnamese American Bank CA
- Pierce Commercial Bank WA
- First Arizona Savings, a FSB AZ
- Progress Bank of Florida FL
- First Bank of Jacksonville FL
- Hillcrest Bank KS
- First Suburban National Bank IL
- The First National Bank of Barnesville GA