FDIC Open-Bank Assistance
Merrill Lynch Bank & Trust Co FSB
BankRegReports is independent of Merrill Lynch Bank & Trust Co FSB and never asks for online banking logins or passwords.
Assistance provided January 16, 2009 · New York, NY · FDIC Cert #34571.
- Assistance date
- January 16, 2009
- Headquarters
- New York, NY
- FDIC Certificate
- 34571
- Total assets at the time
- $37.99B
- Total deposits at the time
- $28.54B
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this transaction)
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Open-bank assistance (the institution stayed open)
Context
On January 16, 2009, the FDIC provided open-bank assistance to Merrill Lynch Bank & Trust Co FSB, headquartered in New York, NY. The institution continued operating. At the time it held approximately $37.99B in assets and $28.54B in deposits. No acquirer was involved; the institution remained independent.
The FDIC record for 2009 holds 140 failures and 8 open-bank assistance transactions. 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 the FDIC provide assistance to Merrill Lynch Bank & Trust Co FSB?
Merrill Lynch Bank & Trust Co FSB received FDIC open-bank assistance on January 16, 2009; it did not fail.
How big was Merrill Lynch Bank & Trust Co FSB at the time of assistance?
Merrill Lynch Bank & Trust Co FSB had approximately $37.99B in total assets and $28.54B in deposits at the time of assistance.
Bank failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
Explore: all failures · NY bank events · 2009 events · events hub