# FREEDOM BANK

> **Failed bank** · BRADENTON, FL · failed 2008-10-31 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $113M

## What happened

FREEDOM BANK of BRADENTON, FL was closed by regulators on **2008-10-31**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIFTH THIRD BANK** (GRAND RAPIDS, MI). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3572
- **FDIC Certificate:** 57930
- **FDIC FIN:** 10019
- **Bank name:** FREEDOM BANK
- **Location:** BRADENTON, FL
- **Failure date:** 2008-10-31
- **FDIC resolution date:** 2008-10-31
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $113M
- **Deposits at failure:** $257M
- **Assets at failure:** $271M
- **Acquiring bank:** FIFTH THIRD BANK (GRAND RAPIDS, MI)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FREEDOM%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FREEDOM BANK (FDIC ID 3572), failed 2008-10-31. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3572.

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