Bank failure · FL
Lydian Private Bank (Palm Beach, FL) — failed August 19, 2011
Lydian Private Bank of Palm Beach, Florida was closed on August 19, 2011 and resolved through a purchase and assumption. Sabadell United Bank, National Association (FL) took over its insured deposits. At failure it held $1.7B in assets and $1.3B in deposits. The FDIC's estimated loss on the failure is $183.5M (10.8% of assets).
- Closing date
- August 19, 2011
- FDIC certificate #
- 35356
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Sabadell United Bank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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