TellerScore

Bank failure · FL

Bank of Florida - Tampa Bay (Tampa Bay, FL) — failed May 28, 2010

Bank of Florida - Tampa Bay of Tampa Bay, Florida was closed on May 28, 2010 and resolved through a purchase and assumption. Everbank (FL) took over its insured deposits. At failure it held $240.5M in assets and $224.0M in deposits. The FDIC's estimated loss on the failure is $30.6M (12.7% of assets).

Closing date
May 28, 2010
FDIC certificate #
57814
Resolution
Purchase and assumption (failure)
Acquiring institution
Everbank
Insurance fund
DIF
Pre-failure filings
Last reported financials

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What happens when a bank fails