Data / Bank failures / 2009 / Amtrust Bank
Amtrust Bank, Cleveland, OH: failed December 4, 2009
Amtrust Bank in Cleveland, Ohio, failed on December 4, 2009. New York Community Bank of Westbury, NY, took over its deposits. It held $11.44 billion in assets and $8.56 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.69 billion (14.8% of its assets). By assets it was the 12th largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- December 4, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- New York Community Bank, Westbury, NY
- Total assets
- $11,438,990,000
- Total deposits
- $8,558,609,000
- Estimated cost to the FDIC
- $1,687,530,375 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- DIF
- FDIC certificate
- 29776
Other bank failures in Ohio, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Bramble Savings Bank | Milford | September 17, 2010 | $47.5 million | $41.6 million | $17.9 million | Foundation Bank |
| American National Bank | Parma | March 19, 2010 | $70.3 million | $66.8 million | $15 million | The National Bank and Trust Company |
| Peoples Community Bank | West Chester | July 31, 2009 | $606.2 million | $538.8 million | $61.5 million | First Financial Bank, National Association |
| Miami Valley Bank | Lakeview | October 4, 2007 | $125.4 million | $119.6 million | $28.4 million | The Citizens Banking Company |
Other failed banks New York Community Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Desert Hills Bank | Phoenix | AZ | March 26, 2010 | $496.6 million | $426.5 million | $108.9 million | New York Community Bank |
All bank failures in 2009 · All bank failures in Ohio · Every failed bank New York Community Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.