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Merger Decisions: 2002 Annual Report to Congress

Failed or Closed Bank Mergers
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Applicant Institution Other / Target Institution empty cell
Institution Name
City, State
Total Assets (000's) Cert # Institution Name
City, State
Assets Acquired (000's) Offices
Cert # Action
Approved
Application
Number
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 FDICís 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 contact@fdic.gov