# STERLING BANK

> **Failed bank** · LANTANA, FL · failed 2010-07-23 · State commercial bank, Federal Reserve member · FDIC cost $42M

## What happened

STERLING BANK of LANTANA, FL was closed by state regulators on **2010-07-23**. The FDIC was named receiver.

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

Deposits were transferred to **IBERIABANK** (LAFAYETTE, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3834
- **FDIC Certificate:** 32536
- **FDIC FIN:** 10268
- **Bank name:** STERLING BANK
- **Location:** LANTANA, FL
- **Failure date:** 2010-07-23
- **FDIC resolution date:** 2010-07-23
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $42M
- **Deposits at failure:** $330M
- **Assets at failure:** $355M
- **Acquiring bank:** IBERIABANK (LAFAYETTE, LA)

## Other banks IBERIABANK has acquired in FDIC resolutions

- CENTURY BANK, A FEDERAL SAVINGS BANK (SARASOTA, FL) — failed 2009-11-13 — /failed-bank/3715
- ORION BANK (NAPLES, FL) — failed 2009-11-13 — /failed-bank/3714
- CAPITALSOUTH BANK (BIRMINGHAM, AL) — failed 2009-08-21 — /failed-bank/3671

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, STERLING BANK (FDIC ID 3834), failed 2010-07-23. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3834.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*