All insured deposit accounts at the following branches have been
transferred to Israel Discount Bank of New York, New York, N Y ("assuming
institution") and will be available as usual during regular business hours:
Main (Doral) Office - 3750 NW 87th Avenue, Miami
Brickell Branch - 1000 Brickell Avenue, Miami
West Palm Beach Branch - 2090 Palm Beach Lakes Boulevard, West Palm
All insured transactional accounts (savings, checking, money market)
have been transferred to Israel Discount Bank of New York, New York, N
Y ("assuming institution") for the following branches:
Weston Branch - 2700 Commerce Parkway, Weston
Airport Branch - 3901 NW 7th Street, Miami
Sarasota Branch - 1790 Main Street, Sarasota
Winter Haven Branch - 1120 1st Street South, Winter Haven
Tampa Branch - 2203 N. Lois Avenue, Tampa
Puerto Rico Branch - 416 Ponce de Leon Avenue, San Juan, Puerto Rico
The Weston, Airport, Sarasota, Winter Haven, Tampa, and Puerto Rico
branches will not be re-opening . FDIC was unable to find a purchaser
for the non-transactional (Certificate of Deposit or Individual
Retirement Account) account holders in these six branches. Checks will
be mailed for the insured portion of these account(s) to the last
address shown on the records of the failed institution.
Safe Deposit Boxes at Main (Doral), Brickell (Downtown) and West Palm
Beach branches will be open as usual during regular business hours and
will remain available to bank customers.
If you have a safe deposit box at the Weston, Airport, Sarasota, Winter
Haven, Tampa, and Puerto Rico Hamilton Bank branches, please contact
FDIC Customer Service at 877-367-2717 to make an appointment to arrange
access to the boxes.
Principal and interest on insured accounts, through January 11, 2002,
are fully insured by the FDIC, up to the insurance limit of $100,000.
You will receive full payment for your insured account. Certain
entitlements and different types of accounts may be insured for more
than the $100,000 limit. IRA funds are insured separately from other
types of accounts, up to a $100,000 limit.
If it is determined that you have uninsured funds, the FDIC will
generate and mail to you a Receiver Certificate. This certificate
entitles you to share proportionately in any funds recovered through the
disposal of the assets of Hamilton Bank. This means that you may
eventually recover some of your uninsured funds.
All accounts that exceed the $100,000 insurance limit, and/or all
accounts that appear to be related and exceed this limit, are reviewed
by the FDIC to determine their ownership and insurance coverage. If it
appears that you have potentially uninsured funds, an FDIC Claims Agent
will contact you, by either telephone or mail, regarding your account(s).
If you believe you have uninsured funds, you may make an appointment to
meet with a Claims Agent by calling 877-367-2717.
Your transferred deposits will be separately insured from any accounts
you may already have at Israel Discount Bank of New York for six months
after the failure of Hamilton Bank. Checks that were drawn on Hamilton
Bank that did not clear before the institution closed will be honored,
so long as there are sufficient insured funds available in the account. If you have questions about your account(s) transferred to the assuming bank,
you may speak to an FDIC representative regarding deposit insurance by
You may withdraw your funds from any transferred account without an
early withdrawal penalty until you enter into a new deposit agreement
with Israel Discount Bank of New York (provided the deposits are not
pledged as collateral for loans).
For general questions about FDIC deposit insurance coverage, please call 1-877-275-3342 or visit EDIE, the FDIC's Electronic Deposit Insurance Estimator.
- FDIC's Electronic Deposit Insurance Estimator