FLORIDA COMMUNITY BANK Failed 2010
What happened
FLORIDA COMMUNITY BANK of IMMOKALEE, FL was closed on 2010-01-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PREMIER AMERICAN BANK, NATIONAL ASSOCIATION (MIAMI, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3743
- FDIC Certificate
- 5672
- FDIC FIN
- 10181
- Bank name
- FLORIDA COMMUNITY BANK
- Location
- IMMOKALEE, FL
- Failure date
- 2010-01-29
- FDIC resolution date
- 2010-01-29
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $309M
- Deposits at failure
- $777M
- Assets at failure
- $836M
- Acquiring bank
- PREMIER AMERICAN BANK, NATIONAL ASSOCIATION (MIAMI, FL)
Other banks PREMIER AMERICAN BANK, NATIONAL ASSOCIATION acquired in FDIC resolutions