FLAGSHIP NATIONAL BANK Failed 2009
What happened
FLAGSHIP NATIONAL BANK of BRADENTON, FL was closed on 2009-10-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FEDERAL BANK OF FLORIDA (LAKE CITY, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3695
- FDIC Certificate
- 35044
- FDIC FIN
- 10129
- Bank name
- FLAGSHIP NATIONAL BANK
- Location
- BRADENTON, FL
- Failure date
- 2009-10-23
- FDIC resolution date
- 2009-10-23
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $62M
- Deposits at failure
- $170M
- Assets at failure
- $178M
- Acquiring bank
- FIRST FEDERAL BANK OF FLORIDA (LAKE CITY, FL)
Other banks FIRST FEDERAL BANK OF FLORIDA acquired in FDIC resolutions