# CAPITALSOUTH BANK

> **Failed bank** · BIRMINGHAM, AL · failed 2009-08-21 · State commercial bank, Federal Reserve member · FDIC cost $126M

## What happened

CAPITALSOUTH BANK of BIRMINGHAM, AL was closed by state regulators on **2009-08-21**. The FDIC was named receiver.

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

Deposits were transferred to **IBERIABANK** (LAFAYETTE, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3671
- **FDIC Certificate:** 22130
- **FDIC FIN:** 10106
- **Bank name:** CAPITALSOUTH BANK
- **Location:** BIRMINGHAM, AL
- **Failure date:** 2009-08-21
- **FDIC resolution date:** 2009-08-21
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $126M
- **Deposits at failure:** $539M
- **Assets at failure:** $587M
- **Acquiring bank:** IBERIABANK (LAFAYETTE, LA)

## Other banks IBERIABANK has acquired in FDIC resolutions

- STERLING BANK (LANTANA, FL) — failed 2010-07-23 — /failed-bank/3834
- CENTURY BANK, A FEDERAL SAVINGS BANK (SARASOTA, FL) — failed 2009-11-13 — /failed-bank/3715
- ORION BANK (NAPLES, FL) — failed 2009-11-13 — /failed-bank/3714

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CAPITALSOUTH BANK (FDIC ID 3671), failed 2009-08-21. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3671.

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