Bank failure · NY

Waterford Village Bank (Williamsville, NY) — failed July 24, 2009

Waterford Village Bank of Williamsville, New York was closed on July 24, 2009 and resolved through a purchase and assumption. Evans Bank National Association (NY) took over its insured deposits. At failure it held $55.7M in assets and $56.1M in deposits. The FDIC's estimated loss on the failure is $7.9M (14.1% of assets).