FIRST COMMUNITY BANK OF SOUTHWEST FLORIDA Failed 2013

What happened

FIRST COMMUNITY BANK OF SOUTHWEST FLORIDA of FORT MYERS, FL was closed on 2013-08-02. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to C1 BANK (SAINT PETERSBURG, FL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

4050

FDIC Certificate

34943

FDIC FIN

10484

Bank name

FIRST COMMUNITY BANK OF SOUTHWEST FLORIDA

Location

FORT MYERS, FL

Failure date

2013-08-02

FDIC resolution date

2013-08-02

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.)

$25M

Deposits at failure

$244M

Assets at failure

$247M

Acquiring bank

C1 BANK (SAINT PETERSBURG, FL)