# COMMUNITY NATIONAL BANK OF SARASOTA COUNTY

> **Failed bank** · VENICE, FL · failed 2009-08-07 · National commercial bank (OCC-chartered) · FDIC cost $25M

## What happened

COMMUNITY NATIONAL BANK OF SARASOTA COUNTY of VENICE, FL was closed by the OCC on **2009-08-07**. The FDIC was named receiver.

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

Deposits were transferred to **STEARNS BANK, NATIONAL ASSOCIATION** (ST. CLOUD, MN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3664
- **FDIC Certificate:** 27183
- **FDIC FIN:** 10099
- **Bank name:** COMMUNITY NATIONAL BANK OF SARASOTA COUNTY
- **Location:** VENICE, FL
- **Failure date:** 2009-08-07
- **FDIC resolution date:** 2009-08-07
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $25M
- **Deposits at failure:** $92M
- **Assets at failure:** $93M
- **Acquiring bank:** STEARNS BANK, NATIONAL ASSOCIATION (ST. CLOUD, MN)

## Other banks STEARNS BANK, NATIONAL ASSOCIATION has acquired in FDIC resolutions

- CONVENANT BANK & TRUST (ROCK SPRING, GA) — failed 2012-03-23 — /failed-bank/3997
- COPPER STAR BANK (SCOTTSDALE, AZ) — failed 2010-11-12 — /failed-bank/3878
- FIRST STATE BANK (SARASOTA, FL) — failed 2009-08-07 — /failed-bank/3665
- HORIZON BANK (PINE CITY, MN) — failed 2009-06-26 — /failed-bank/3634

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COMMUNITY%20NATIONAL%20BANK%20OF%20SARASOTA%20COUNTY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMUNITY NATIONAL BANK OF SARASOTA COUNTY (FDIC ID 3664), failed 2009-08-07. Retrieved via AI Analytics 2026-07-05 from https://api.ai-analytics.org/failed-bank/3664.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*