GULF STATE COMMUNITY BANK Failed 2010
What happened
GULF STATE COMMUNITY BANK of CARRABELLE, FL was closed on 2010-11-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTENNIAL BANK (CONWAY, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3881
- FDIC Certificate
- 20340
- FDIC FIN
- 10316
- Bank name
- GULF STATE COMMUNITY BANK
- Location
- CARRABELLE, FL
- Failure date
- 2010-11-19
- FDIC resolution date
- 2010-11-19
- 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.)
- $44M
- Deposits at failure
- $112M
- Assets at failure
- $112M
- Acquiring bank
- CENTENNIAL BANK (CONWAY, AR)
Other banks CENTENNIAL BANK acquired in FDIC resolutions