BANK OF FLORIDA - SOUTHWEST Failed 2010
What happened
BANK OF FLORIDA - SOUTHWEST of NAPLES, FL was closed on 2010-05-28. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to EVERBANK (JACKSONVILLE, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3808
- FDIC Certificate
- 35106
- FDIC FIN
- 10242
- Bank name
- BANK OF FLORIDA - SOUTHWEST
- Location
- NAPLES, FL
- Failure date
- 2010-05-28
- FDIC resolution date
- 2010-05-28
- 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.)
- $88M
- Deposits at failure
- $560M
- Assets at failure
- $641M
- Acquiring bank
- EVERBANK (JACKSONVILLE, FL)
Other banks EVERBANK acquired in FDIC resolutions