Bay Savings Bank

Status:Inactive as of 09/06/1991
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Bay Federal Savings Bank
Headquarters:Bay Savings Bank
4674 Forest Hill Blvd
West Palm Beach, FL 33406
Established:02/25/1986
FDIC Insurance:02/25/1986
FDIC Cert:#32454
Charter Class:
Total Assets:$58,064,000
Total Deposits:$54,053,000

History

1986-02-25Institution established: Original name:Bay Savings Bank
1991-09-06Institution established: Original name:Bay Federal Savings Bank (33494)
1991-09-06Placed into government conservatorship.
1991-09-06Failed, went into receivership, and then became part of Bay Federal Savings Bank (33494)
1994-07-15Acquired after government financial assistance and subsequently operated as part of Fidelity Federal Savings Bank of Florida (30614)
1994-07-15Government conservatorship or bridge bank resolved.
1994-07-22Acquired Hansen Federal Savings Bank (33544) in PALM BEACH GARDENS, FL as part of a government assisted transaction.
1997-12-06Acquired BANKBOYNTON, a Federal Savings Bank (32401) in BOYNTON BEACH, FL
2000-01-27Change trust powers from TRUST POWERS NOT GRANTED to LIMITED TRUST POWERS GRANTED
2000-03-01Changed name to Fidelity Federal Bank & Trust (30614)
2005-04-01Acquired First Community Bank of Palm Beach County (5663) in PAHOKEE, FL
2007-04-14Merged into and subsequently operated as part of National City Bank (6557) in CLEVELAND, OH
2008-02-09Acquired MIDAMERICA BANK, FSB (28671) in CLARENDON HILLS, IL
2008-12-30Acquired New England Trust Company, National Association (90641) in WARWICK, RI
2009-09-30Reorganized.
2009-11-06Merged into and subsequently operated as part of PNC Bank, National Association (6384) in WILMINGTON, DE
2012-03-02Acquired RBC Bank (USA) (33184) in RALEIGH, NC
2012-09-04Reorganized.