Bank Failure
First National Bank of Crestview
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Closed January 16, 2015 · Crestview, FL · FDIC Cert #17557.
- Closing date
- January 16, 2015
- Headquarters
- Crestview, FL
- FDIC Certificate
- 17557
- Total assets at closing
- $73.8M
- Total deposits at closing
- $73.2M
- Estimated loss to the insurance fund
- $6.3M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- First NBC Bank
Context
On January 16, 2015, regulators closed First National Bank of Crestview, headquartered in Crestview, FL. At closing, the institution held approximately $73.8M in assets and $73.2M in deposits. The FDIC record names First NBC Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $6.3M.
By assets at closing this is the 1387th largest of the 3,526 bank failures in the FDIC record, and the 5th of 8 in 2015. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did First National Bank of Crestview fail?
First National Bank of Crestview was closed by regulators on January 16, 2015.
Who acquired First National Bank of Crestview?
The FDIC record names First NBC Bank as the acquiring institution in the resolution of First National Bank of Crestview.
How big was First National Bank of Crestview when it failed?
First National Bank of Crestview had approximately $73.8M in total assets and $73.2M in deposits at the time of failure.
Other failures in 2015
| Date | Bank | Assets |
|---|---|---|
| Oct 2, 2015 | The Bank of Georgia | $286.1M |
| Oct 2, 2015 | Hometown National Bank | $3.8M |
| Jul 10, 2015 | Premier Bank | $26.8M |
| May 8, 2015 | Edgebrook Bank | $90.0M |
| Feb 27, 2015 | Doral Bank | $5.90B |
| Feb 13, 2015 | Capitol City Bank & Trust Company | $272.3M |
| Jan 23, 2015 | Highland Community Bank | $54.7M |
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