Bank failure · FL
Putnam State Bank (Palatka, FL) — failed June 15, 2012
Putnam State Bank of Palatka, Florida was closed on June 15, 2012 and resolved through a purchase and assumption. Harbor Community Bank (FL) took over its insured deposits. At failure it held $169.5M in assets and $160.0M in deposits. The FDIC's estimated loss on the failure is $28.8M (17.0% of assets).
- Closing date
- June 15, 2012
- FDIC certificate #
- 27405
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Harbor Community Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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