Data / Bank failures / 2010 / CF Bancorp
CF Bancorp, Port Huron, MI: failed April 30, 2010
CF Bancorp in Port Huron, Michigan, failed on April 30, 2010. First Michigan Bank of Troy, MI, took over its deposits. It held $1.60 billion in assets and $1.42 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $340.6 million (21.3% of its assets). By assets it was the 12th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- April 30, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Michigan Bank, Troy, MI
- Total assets
- $1,599,122,000
- Total deposits
- $1,418,445,000
- Estimated cost to the FDIC
- $340,615,017 (estimate as of July 31, 2026)
- Charter
- Savings institution
- Insurance fund
- DIF
- FDIC certificate
- 30005
Other bank failures in Michigan, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Fidelity Bank | Dearborn | March 30, 2012 | $818.2 million | $747.6 million | $97.2 million | The Huntington National Bank |
| Community Central Bank | Mount Clemens | April 29, 2011 | $451.7 million | $371.5 million | $98.6 million | Talmer Bank and Trust |
| Peoples State Bank | Hamtramck | February 11, 2011 | $390.5 million | $389.9 million | $103.1 million | First Michigan Bank |
| Paramount Bank | Farmington Hills | December 10, 2010 | $252.7 million | $213.6 million | $68.6 million | Level One Bank |
| Mainstreet Savings Bank, FSB | Hastings | July 16, 2010 | $96.6 million | $63.3 million | $12.8 million | Commercial Bank |
| New Liberty Bank | Plymouth | May 14, 2010 | $111.2 million | $101.9 million | $23.6 million | Bank of Ann Arbor |
| Lakeside Community Bank | Sterling Heights | April 16, 2010 | $49.2 million | $48.6 million | $21 million | |
| Citizens State Bank | New Baltimore | December 18, 2009 | $168.6 million | $157.1 million | $68.2 million |
Other failed banks First Michigan Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Peoples State Bank | Hamtramck | MI | February 11, 2011 | $390.5 million | $389.9 million | $103.1 million | First Michigan Bank |
| First Banking Center | Burlington | WI | November 19, 2010 | $750.7 million | $664.8 million | $86.1 million | First Michigan Bank |
All bank failures in 2010 · All bank failures in Michigan · Every failed bank First Michigan 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.