FIRST GUARANTY BANK AND TRUST COMPANY OF JACKSONVILLE Failed 2012
What happened
FIRST GUARANTY BANK AND TRUST COMPANY OF JACKSONVILLE of JACKSONVILLE, FL was closed on 2012-01-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTERSTATE BANK OF FLORIDA, NATIONAL ASSOCIATION (WINTER HAVEN, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3986
- FDIC Certificate
- 16579
- FDIC FIN
- 10421
- Bank name
- FIRST GUARANTY BANK AND TRUST COMPANY OF JACKSONVILLE
- Location
- JACKSONVILLE, FL
- Failure date
- 2012-01-27
- FDIC resolution date
- 2012-01-27
- 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.)
- $54M
- Deposits at failure
- $378M
- Assets at failure
- $397M
- Acquiring bank
- CENTERSTATE BANK OF FLORIDA, NATIONAL ASSOCIATION (WINTER HAVEN, FL)
Other banks CENTERSTATE BANK OF FLORIDA, NATIONAL ASSOCIATION acquired in FDIC resolutions