Bank failure · MI
New Liberty Bank (Plymouth, MI) — failed May 14, 2010
New Liberty Bank of Plymouth, Michigan was closed on May 14, 2010 and resolved through a purchase and assumption. Bank of Ann Arbor (MI) took over its insured deposits. At failure it held $111.2M in assets and $101.9M in deposits. The FDIC's estimated loss on the failure is $23.6M (21.2% of assets).
- Closing date
- May 14, 2010
- FDIC certificate #
- 35586
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of Ann Arbor
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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