# OLD SOUTHERN BANK

> **Failed bank** · ORLANDO, FL · failed 2010-03-12 · State commercial bank, Federal Reserve member · FDIC cost $77M

## What happened

OLD SOUTHERN BANK of ORLANDO, FL was closed by state regulators on **2010-03-12**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **CENTENNIAL BANK** (CONWAY, AR). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3763
- **FDIC Certificate:** 58182
- **FDIC FIN:** 10197
- **Bank name:** OLD SOUTHERN BANK
- **Location:** ORLANDO, FL
- **Failure date:** 2010-03-12
- **FDIC resolution date:** 2010-03-12
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $77M
- **Deposits at failure:** $320M
- **Assets at failure:** $336M
- **Acquiring bank:** CENTENNIAL BANK (CONWAY, AR)

## Other banks CENTENNIAL BANK has acquired in FDIC resolutions

- HERITAGE BANK OF FLORIDA (LUTZ, FL) — failed 2012-11-02 — /failed-bank/4031
- GULF STATE COMMUNITY BANK (CARRABELLE, FL) — failed 2010-11-19 — /failed-bank/3881
- WAKULLA BANK (CRAWFORDVILLE, FL) — failed 2010-10-01 — /failed-bank/3861
- BAYSIDE SAVINGS BANK (PORT SAINT JOE, FL) — failed 2010-07-30 — /failed-bank/3841
- COASTAL COMMUNITY BANK (PANAMA CITY BEACH, FL) — failed 2010-07-30 — /failed-bank/3837
- KEY WEST BANK (KEY WEST, FL) — failed 2010-03-26 — /failed-bank/3772

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, OLD SOUTHERN BANK (FDIC ID 3763), failed 2010-03-12. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3763.

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