Failed Bank Information for LibertyPointe Bank, New York, NY
On March 11, 2010, LibertyPointe Bank was closed by the New York State Banking Department. The FDIC was named Receiver. Valley National Bank, Wayne, NJ acquired all deposit accounts.
The FDIC as Receiver for LibertyPointe Bank, New York, NY has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 3, 2020 and has made all dividend distributions required by law.
Effective September 1, 2020 the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: September 1, 2020
Publication Date: February 3, 2020
Report on dividends paid
Official press release
Beware 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.
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: VALLEY NATIONAL BANK
About Valley National Bank.
All deposit accounts were transferred to Valley National Bank, Wayne, NJ ("assuming institution"). Former LibertyPointe Bank locations reopened as branches of Valley National Bank.
Your transferred deposits were separately insured from any accounts you may have already had at Valley National Bank for at least six months after the failure of LibertyPointe Bank
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Valley National Bank as long as the deposits are not pledged as collateral for loans.
Contacting Valley National Bank
You can contact Valley National Bank:
Valley National Bank
615 Main Avenue
Passaic, New Jersey 07055
Valley National Bank (www.valley.com)
Purchase & Assumption Agreement - PDF (525Mb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank