Bank failure · AL
Capitalsouth Bank (Birmingham, AL) — failed August 21, 2009
Capitalsouth Bank of Birmingham, Alabama was closed on August 21, 2009 and resolved through a purchase and assumption. Iberiabank (LA) took over its insured deposits. At failure it held $586.6M in assets and $539.4M in deposits. The FDIC's estimated loss on the failure is $126.3M (21.5% of assets).
- Closing date
- August 21, 2009
- FDIC certificate #
- 22130
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Iberiabank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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