LANDMARK BANK OF FLORIDA Failed 2011
What happened
LANDMARK BANK OF FLORIDA of SARASOTA, FL was closed on 2011-07-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERICAN MOMENTUM BANK (TAMPA, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3947
- FDIC Certificate
- 35244
- FDIC FIN
- 10381
- Bank name
- LANDMARK BANK OF FLORIDA
- Location
- SARASOTA, FL
- Failure date
- 2011-07-22
- FDIC resolution date
- 2011-07-22
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $37M
- Deposits at failure
- $244M
- Assets at failure
- $266M
- Acquiring bank
- AMERICAN MOMENTUM BANK (TAMPA, FL)
Other banks AMERICAN MOMENTUM BANK acquired in FDIC resolutions