!-- Metadata -->
Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Failed Bank Information for Putnam State Bank, Palatka, FL

On June 15, 2012, Putnam State Bank was closed by the Florida Office of Financial Regulation. The FDIC was named Receiver. Harbor Community Bank, Indiantown, FL acquired all deposit accounts.

The FDIC as Receiver for Putnam State Bank, Palatka, FL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on October 18, 2017 and has made all dividend distributions required by law.

Effective February 1, 2018, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: February 1, 2018


Notice of Intent to Terminate

Publication Date: October 18, 2017

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: HARBOR COMMUNITY BANK

About Harbor Community Bank

All deposit accounts, including brokered deposits, were transferred to Harbor Community Bank, Indiantown, FL ("assuming institution"). Former Putnam State Bank locations reopened as branches of Harbor Community Bank.

Your transferred deposits were separately insured from any accounts you may have already had at Harbor Community Bank for at least six months after the failure of Putnam State Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Harbor Community Bank as long as the deposits are not pledged as collateral for loans.

Contacting Harbor Community Bank

You can contact Harbor Community Bank:

Harbor Community Bank
350 State Road 19, North,
Palatka, FL 32177

Harbor Community Bank (www.harborcb.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (7Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Skip Footer back to content