FIRST COMMERCIAL BANK OF FLORIDA Failed 2011
What happened
FIRST COMMERCIAL BANK OF FLORIDA of ORLANDO, FL was closed on 2011-01-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST SOUTHERN BANK (BOCA RATON, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3891
- FDIC Certificate
- 34965
- FDIC FIN
- 10325
- Bank name
- FIRST COMMERCIAL BANK OF FLORIDA
- Location
- ORLANDO, FL
- Failure date
- 2011-01-07
- FDIC resolution date
- 2011-01-07
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $89M
- Deposits at failure
- $537M
- Assets at failure
- $579M
- Acquiring bank
- FIRST SOUTHERN BANK (BOCA RATON, FL)
Other banks FIRST SOUTHERN BANK acquired in FDIC resolutions