# OLDE CYPRESS COMMUNITY BANK

> **Failed bank** · CLEWISTON, FL · failed 2010-07-16 · Savings bank · FDIC cost $26M

## What happened

OLDE CYPRESS COMMUNITY BANK of CLEWISTON, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- FIRST GUARANTY BANK AND TRUST COMPANY OF JACKSONVILLE (JACKSONVILLE, FL) — failed 2012-01-27 — /failed-bank/3986
- CENTRAL FLORIDA STATE BANK (BELLEVIEW, FL) — failed 2012-01-20 — /failed-bank/3985
- INDEPENDENT NATIONAL BANK (OCALA, FL) — failed 2010-08-20 — /failed-bank/3848
- COMMUNITY NATIONAL BANK AT BARTOW (BARTOW, FL) — failed 2010-08-20 — /failed-bank/3845

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, OLDE CYPRESS COMMUNITY BANK (FDIC ID 3826), failed 2010-07-16. Retrieved via AI Analytics 2026-07-04 from https://api.ai-analytics.org/failed-bank/3826.

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