CENTURY BANK, A FEDERAL SAVINGS BANK Failed 2009
What happened
CENTURY BANK, A FEDERAL SAVINGS BANK of SARASOTA, FL was closed on 2009-11-13. 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
- 3715
- FDIC Certificate
- 32267
- FDIC FIN
- 10148
- Bank name
- CENTURY BANK, A FEDERAL SAVINGS BANK
- Location
- SARASOTA, FL
- Failure date
- 2009-11-13
- FDIC resolution date
- 2009-11-13
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $307M
- Deposits at failure
- $660M
- Assets at failure
- $756M
- Acquiring bank
- IBERIABANK (LAFAYETTE, LA)
Other banks IBERIABANK acquired in FDIC resolutions