First Federal Bank of North Florida closed by FDIC. Accounts transferred to TD Bank of Delaware. Depositors must reclaim FDIC-insured accounts

	April 16, 2010: First Federal Bank of North Florida, Palatka, FL was closed by the Office of Thrift Supervision. The Federal Deposit Insurance Corporation was named receiver. Assets & Deposits: As of December 31, 2009, First Federal Bank of North Florida had total assets of $393.3 million and total deposits of $324.2 million. Successor Bank: All deposit accounts have been transferred to TD Bank, National Association, Wilmington, DE TD Bank, National Association 2035 Limestone Road Wilmington, DE 19808 http://www.tdbanknorth.com FDIC Insurance: Transferred deposits will be separately insured from any accounts you may already have at TD Bank, N.A. for six months after the failure of First Federal Bank of North Florida. Interest: All interest accrued through Friday, April 16, 2010 will be paid at your same rate. TD Bank, N.A. will be reviewing rates. Checks, Loans, Interest and Automated Transactions: Checks will be processed as usual. Automatic direct deposits and withdrawals will be transferred to your new bank. If you had a loan with First Federal Bank of North Florida you should continue to make your payments as usual. Cost to FDIC: The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) for First Federal Bank of North Florida will be $6.0 million. Note: ► Depositors must establish contact with the successor bank or the FDIC, when there is no successor, to reclaim their deposits. Failure to do so could ultimately result in a loss of insured funds. ► The interest rate paid by your former bank is subject to immediate change. ► Transferred deposits are separately insured for only 6 months after the date of transfer. ► Beneficial owners of fiduciary accounts (including UTMA, IOLTA and brokered CDs) should contact their brokers immediately to ensure proper claims procedures are followed. ► Safe deposit boxes should be promptly claimed.
2009 FDIC Insured Failed Banks




First Federal Bank of North Florida 511 St Johns Ave Palatka, FL 32177
Established on 4/1/1934 as First Federal Savings And Loan Association Of Putnam County
Assets: $393 million
Deposits: $324 million


Cost to FDIC: $6 million

History: You may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.

4/1/1934 - Established as First Federal Savings And Loan Association Of Putnam County
1/1/1999 - Changed name to First Federal Bank Of North Florida

Depositor Alert

Unclaimed FDIC Insured Deposits

There are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes.

Be advised that not every depositor with funds in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes.

Beneficial owners of fiduciary accounts, including Uniform Transfers To Minors accounts, escrow accounts, Interest on Lawyer Trust Accounts (IOLTA), and deposit accounts obtained through a broker (Brokered Accounts) will not be contacted by the FDIC.

This is because these accounts are on the failed bank's records in the name of the fiduciary, not the individual owner. The FDIC does not have access to ownership information, and therefore will not contact individual depositors. It is the responsibility of the broker or other fiduciary to initiate a claim.

In addition, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage, after a period of time. If an individual already has accounts at a successor institution, perhaps unknowingly in the case of brokered deposits, the insurance limit may be exceeded and funds could be lost in a subsequent receivership.

Finally, in the worst case scenario, by law accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction.

It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.

For assistance tracing and reclaiming a lost bank account or safe deposit box go to: Unclaimed Property & Money Search

Depositor Claims: For additional information and assistance on the First Federal Bank of North Florida receivership contact the FDIC at: 1-800-830-4731; or go to: http://www.fdic.gov/bank/individual/failed/ffbnf.html

Creditor Claims: Claims against failed financial institutions occur when bills sent to the institution remain unpaid at the time of failure. Shortly after the failure, the FDIC sends notices directly to all known service providers to explain the claim filing process. If you provided a service for First Federal Bank of North Florida and have not received a notice, please contact:

Federal Deposit Insurance Corporation
Receiver: First Federal Bank of North Florida
1601 Bryan Street
Dallas, TX 75201
Attention: Claim Agent
1-800-568-9161