OLDE CYPRESS COMMUNITY BANK Failed 2010
What happened
OLDE CYPRESS COMMUNITY BANK of CLEWISTON, FL was closed on 2010-07-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTERSTATE BANK OF FLORIDA, NATIONAL ASSOCIATION (WINTER HAVEN, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3826
- FDIC Certificate
- 28864
- FDIC FIN
- 10260
- Bank name
- OLDE CYPRESS COMMUNITY BANK
- Location
- CLEWISTON, FL
- Failure date
- 2010-07-16
- FDIC resolution date
- 2010-07-16
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $26M
- Deposits at failure
- $158M
- Assets at failure
- $161M
- Acquiring bank
- CENTERSTATE BANK OF FLORIDA, NATIONAL ASSOCIATION (WINTER HAVEN, FL)
Other banks CENTERSTATE BANK OF FLORIDA, NATIONAL ASSOCIATION acquired in FDIC resolutions