New York Community Bank of Westbury, NY, immediately assumed all of AmTrust Bank’s Deposits. Meanwhile, State Bank and Trust Company of Macon, GA., acquired two closed banks: Buckhead Community Bank and First Security National Bank of Norcross, GA. In all, there have now been 160 failed institutions – 130 banks and 30 credit unions – so far in 2009. In addition to assuming all of the deposits of the failed bank, the FDIC agreed to purchase essentially all of its assets.”]
Source: https://www.bankinfosecurity.com/amtrust-bank-among-six-closed-by-regulators-a-1984