Failed Bank List: Claim an FDIC Insured Account or CD at a Failed Bank

Lydian Private Bank - Palm Beach, FL

FL search for unclaimed money. Find a missing CD or lost bank account

Florida search for unclaimed funds. Find a missing CD or unclaimed bank account

Unclaimed bank account, lost safe deposit box and missing CD search - Lydian Private Bank Florida

August 19, 2011: Lydian Private Bank, Palm Beach, FL, including its division Virtual Bank, was closed by the Office of the Comptroller of the Currency. The Federal Deposit Insurance Corporation was named receiver.

Successor Bank: All deposit accounts, including brokered deposits and online deposits held at Virtual Bank, a division of Lydian Private Bank, have been transferred to Sabadell United Bank, National Association (N.A.), Miami, FL

Sabadell United Bank, National Association
1111 Brickell Avenue
Miami, FL 33131

History:

Est. in 2000 as Virtualbank
Changed name to Lydian Private Bank
 

Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor 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. 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. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage.

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, certificate of deposit (CD) or safe deposit box go to: Unclaimed IRA, CD and Lost Savings Account Search

 

 

 

2011 FDIC Insured Failed Banks
 
 
 
 
Lydian Private Bank
180 Royal Palm Way
Palm Beach, FL 33480

 
 

Established
as
Virtualbank
 

 
 
 
 
Cost to FDIC: $ 293 million

 

 
 

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