RIVERSIDE BANK OF THE GULF COAST Failed 2009
What happened
RIVERSIDE BANK OF THE GULF COAST of CAPE CORAL, FL was closed on 2009-02-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TIB BANK (NAPLES, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3605
- FDIC Certificate
- 34563
- FDIC FIN
- 10038
- Bank name
- RIVERSIDE BANK OF THE GULF COAST
- Location
- CAPE CORAL, FL
- Failure date
- 2009-02-13
- FDIC resolution date
- 2009-02-13
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $200M
- Deposits at failure
- $423M
- Assets at failure
- $524M
- Acquiring bank
- TIB BANK (NAPLES, FL)