# PROGRESS BANK OF FLORIDA

> **Failed bank** · TAMPA, FL · failed 2010-10-22 · State commercial bank, Federal Reserve member · FDIC cost $35M

## What happened

PROGRESS BANK OF FLORIDA of TAMPA, FL was closed by state regulators on **2010-10-22**. The FDIC was named receiver.

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

Deposits were transferred to **BAY CITIES BANK** (TAMPA, FL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3870
- **FDIC Certificate:** 32251
- **FDIC FIN:** 10303
- **Bank name:** PROGRESS BANK OF FLORIDA
- **Location:** TAMPA, FL
- **Failure date:** 2010-10-22
- **FDIC resolution date:** 2010-10-22
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $35M
- **Deposits at failure:** $87M
- **Assets at failure:** $95M
- **Acquiring bank:** BAY CITIES BANK (TAMPA, FL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PROGRESS BANK OF FLORIDA (FDIC ID 3870), failed 2010-10-22. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3870.

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