III. Acquiring Financial Institution
All deposit accounts have been transferred to First Federal Bank of Florida, Lake City, FL ("assuming institution") and will be available immediately. On Monday, October 26, 2009, the former Flagship National Bank locations will reopen as branches of First Federal Bank of Florida.
Your transferred deposits will be separately insured from any accounts you may already have at First Federal Bank of Florida for six months after the failure of Flagship National Bank. Checks that were drawn on Flagship National Bank that did not clear before the institution closed will be honored as long as there are sufficient funds in the account. If you have questions about your account(s) transferred to the assuming bank, you may speak to an FDIC representative by calling 1-800-355-0650.
For general questions about FDIC deposit insurance coverage, please call 1-877-275-3342 or visit EDIE, the FDIC's Electronic Deposit Insurance Estimator.