WASHINGTON — TD Bank of Wilmington, Del., purchased three separate failed banks in Florida late Friday, totaling $3.9 billion in assets, on a night that saw a total of eight bank collapses.
TD Bank bought $3.42 billion-asset Riverside National Bank of Florida; $393.3 million-asset First Federal Bank of North Florida and $90.5 million-asset AmericanFirst Bank. The three institutions were not affiliated with each other, but their purchase will allow TD Bank to pick up $3.1 billion in deposits and 69 offices in Florida.
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