Bank failure · FL
Bank of Jackson County (Graceville, FL) — failed October 30, 2013
Bank of Jackson County of Graceville, Florida was closed on October 30, 2013 and resolved through a purchase and assumption. First Federal Bank of Florida (FL) took over its insured deposits. At failure it held $24.7M in assets and $24.6M in deposits. The FDIC's estimated loss on the failure is $5.8M (23.7% of assets).
- Closing date
- October 30, 2013
- FDIC certificate #
- 14794
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Federal Bank of Florida
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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