Bank Failure
CF Bancorp
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Closed April 30, 2010 · Port Huron, MI · FDIC Cert #30005.
- Closing date
- April 30, 2010
- Headquarters
- Port Huron, MI
- FDIC Certificate
- 30005
- Total assets at closing
- $1.60B
- Total deposits at closing
- $1.42B
- Estimated loss to the insurance fund
- $340.6M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- First Michigan Bank
Context
On April 30, 2010, regulators closed CF Bancorp, headquartered in Port Huron, MI. At closing, the institution held approximately $1.60B in assets and $1.42B in deposits. The FDIC record names First Michigan Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $340.6M.
By assets at closing this is the 141st largest of the 3,526 bank failures in the FDIC record, and the 12th of 157 in 2010. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did CF Bancorp fail?
CF Bancorp was closed by regulators on April 30, 2010.
Who acquired CF Bancorp?
The FDIC record names First Michigan Bank as the acquiring institution in the resolution of CF Bancorp.
How big was CF Bancorp when it failed?
CF Bancorp had approximately $1.60B in total assets and $1.42B in deposits at the time of failure.
Other failures in 2010
| Date | Bank | Assets |
|---|---|---|
| Dec 17, 2010 | The Bank of Miami | $448.1M |
| Dec 17, 2010 | Chestatee State Bank | $244.4M |
| Dec 17, 2010 | United Americas Bank | $242.3M |
| Dec 17, 2010 | First Southern Bank | $191.8M |
| Dec 17, 2010 | Appalacian Community Bank, F.S.B. | $68.2M |
| Dec 17, 2010 | Community National Bank | $31.6M |
| Dec 10, 2010 | Paramount Bank | $252.7M |
| Dec 10, 2010 | Earthstar Bank | $112.6M |
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