# FLAGSHIP NATIONAL BANK

> **Failed bank** · BRADENTON, FL · failed 2009-10-23 · National commercial bank (OCC-chartered) · FDIC cost $62M

## What happened

FLAGSHIP NATIONAL BANK of BRADENTON, FL was closed by the OCC 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- BANK OF JACKSON COUNTY (GRACEVILLE, FL) — failed 2013-10-30 — /failed-bank/4056
- CHIPOLA COMMUNITY BANK (MARIANNA, FL) — failed 2013-04-19 — /failed-bank/4041
- THE BANK OF BONIFAY (BONIFAY, FL) — failed 2010-05-07 — /failed-bank/3798

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FLAGSHIP NATIONAL BANK (FDIC ID 3695), failed 2009-10-23. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3695.

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