Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Rare Thursday Bank Closure: LibertyPointe Bank in NYC

Thursday, March 11, 2010 - 7:16 PM
This is 27th bank failure for the year. From the FDIC's press release
To protect the depositors, the FDIC entered into a purchase and assumption agreement with Valley National Bank, Wayne, New Jersey, to assume all of the deposits of LibertyPointe Bank.
I'll provide more details about this closure in my bank failure review on Friday evening.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634