Bank Failure
Lydian Private Bank
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Closed August 19, 2011 · Palm Beach, FL · FDIC Cert #35356.
- Closing date
- August 19, 2011
- Headquarters
- Palm Beach, FL
- FDIC Certificate
- 35356
- Total assets at closing
- $1.70B
- Total deposits at closing
- $1.25B
- Estimated loss to the insurance fund
- $183.5M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Sabadell United Bank, N.A.
Context
On August 19, 2011, regulators closed Lydian Private Bank, headquartered in Palm Beach, FL. At closing, the institution held approximately $1.70B in assets and $1.25B in deposits. The FDIC record names Sabadell United Bank, N.A. as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $183.5M.
By assets at closing this is the 131st largest of the 3,526 bank failures in the FDIC record, and the 5th of 92 in 2011. 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 Lydian Private Bank fail?
Lydian Private Bank was closed by regulators on August 19, 2011.
Who acquired Lydian Private Bank?
The FDIC record names Sabadell United Bank, N.A. as the acquiring institution in the resolution of Lydian Private Bank.
How big was Lydian Private Bank when it failed?
Lydian Private Bank had approximately $1.70B in total assets and $1.25B in deposits at the time of failure.
Other failures in 2011
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 2011 | Western National Bank | $162.9M |
| Dec 16, 2011 | Premier Community Bank of the Emerald Coast | $126.0M |
| Nov 18, 2011 | Central Progressive Bank | $383.1M |
| Nov 18, 2011 | Polk County Bank | $91.6M |
| Nov 10, 2011 | Community Bank of Rockmart | $62.4M |
| Nov 4, 2011 | Sunfirst Bank | $198.1M |
| Nov 4, 2011 | Mid City Bank, Inc. | $106.1M |
| Oct 28, 2011 | All American Bank | $34.8M |
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