FDIC: Merger Decisions: 2002 Annual Report to Congress


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Merger Decisions: 2002 Annual Report to Congress

Failed or Closed Bank Mergers
Table of Contents

Institution Name City, State	Total Assets (000's)	Cert #	Institution Name City, State	Assets Acquired (000's)	Offices	Cert #	Action Approved	Application Number
Applicant Institution			Other / Target Institution				empty cell
Israel Discount Bank of NY NEW YORK, NY	6,020,900	19977	Hamilton Bank, N.A. MIAMI, FL	0	3	24382	01/09/2002	N/A
The Security State Bank of Pesos PESOS, TX	76,387	11178	Bank of Sierra Blanca SIERRA BLANCA, TX	3,500	1	22002	01/09/2002	N/A
Bank Leumi, USA NEW YORK, NY	4,082,237	19842	Net First National Bank BOCA RATON, FL	6,000	1	26652	03/01/2002	N/A
Hudson United Bank MAHWAH, NJ	6,840,705	12256	Connecticut Bank of Commerce STAMFORD, CT	30,600	5	19183	06/20/2002	N/A
Chicago Community Bank CHICAGO, IL	172,524	14267	Universal Federal SB CHICAGO, IL	5,600	1	29355	06/26/2002	N/A
Sabine State B & T Company MANY, LA	310,539	8141	The Farmers Bank and Trust CHENEYVILLE, LA	2,200	1	16445	12/17/2002	N/A

Note: These target institutions were either closed or in danger of being closed. The respective "applicant" institutions were the competitive bidding winners to purchase certain assets of and assume the liability to pay certain deposits of the target. The FDIC’s Board of Directors found that immediate action was necessary and waived the publication of notice and solicitation of reports on the competitive factors involved.

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Last Updated 06/12/2003

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