OCALA NATIONAL BANK Failed 2009

What happened

OCALA NATIONAL BANK of OCALA, FL was closed on 2009-01-30. The FDIC was named receiver.

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

Deposits were transferred to CENTERSTATE BANK OF FLORIDA, NA (WINTER HAVEN, FL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3597

FDIC Certificate

26538

FDIC FIN

10032

Bank name

OCALA NATIONAL BANK

Location

OCALA, FL

Failure date

2009-01-30

FDIC resolution date

2009-01-30

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$94M

Deposits at failure

$205M

Assets at failure

$219M

Acquiring bank

CENTERSTATE BANK OF FLORIDA, NA (WINTER HAVEN, FL)