# SOUTHSHORE COMMUNITY BANK

> **Failed bank** · APOLLO BEACH, FL · failed 2011-07-22 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $11M

## What happened

SOUTHSHORE COMMUNITY BANK of APOLLO BEACH, FL was closed by regulators 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:** 3948
- **FDIC Certificate:** 58056
- **FDIC FIN:** 10382
- **Bank name:** SOUTHSHORE COMMUNITY BANK
- **Location:** APOLLO BEACH, FL
- **Failure date:** 2011-07-22
- **FDIC resolution date:** 2011-07-22
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $11M
- **Deposits at failure:** $41M
- **Assets at failure:** $41M
- **Acquiring bank:** AMERICAN MOMENTUM BANK (TAMPA, FL)

## Other banks AMERICAN MOMENTUM BANK has acquired in FDIC resolutions

- LANDMARK BANK OF FLORIDA (SARASOTA, FL) — failed 2011-07-22 — /failed-bank/3947

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SOUTHSHORE COMMUNITY BANK (FDIC ID 3948), failed 2011-07-22. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3948.

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