# CENTURY BANK, A FEDERAL SAVINGS BANK

> **Failed bank** · SARASOTA, FL · failed 2009-11-13 · Savings bank · FDIC cost $307M

## What happened

CENTURY BANK, A FEDERAL SAVINGS BANK of SARASOTA, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $307M
- **Deposits at failure:** $660M
- **Assets at failure:** $756M
- **Acquiring bank:** IBERIABANK (LAFAYETTE, LA)

## Other banks IBERIABANK has acquired in FDIC resolutions

- STERLING BANK (LANTANA, FL) — failed 2010-07-23 — /failed-bank/3834
- ORION BANK (NAPLES, FL) — failed 2009-11-13 — /failed-bank/3714
- CAPITALSOUTH BANK (BIRMINGHAM, AL) — failed 2009-08-21 — /failed-bank/3671

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CENTURY%20BANK%2C%20A%20FEDERAL%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CENTURY BANK, A FEDERAL SAVINGS BANK (FDIC ID 3715), failed 2009-11-13. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3715.

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