THE ROYAL PALM BANK OF FLORIDA Failed 2012
What happened
THE ROYAL PALM BANK OF FLORIDA of NAPLES, FL was closed on 2012-07-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NATIONAL BANK OF THE GULF COAST (NAPLES, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4019
- FDIC Certificate
- 57096
- FDIC FIN
- 10454
- Bank name
- THE ROYAL PALM BANK OF FLORIDA
- Location
- NAPLES, FL
- Failure date
- 2012-07-20
- FDIC resolution date
- 2012-07-20
- 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.)
- $17M
- Deposits at failure
- $79M
- Assets at failure
- $79M
- Acquiring bank
- FIRST NATIONAL BANK OF THE GULF COAST (NAPLES, FL)