Bank failure · FL

Central Florida State Bank (Belleview, FL) — failed January 20, 2012

Central Florida State Bank of Belleview, Florida was closed on January 20, 2012 and resolved through a purchase and assumption. Centerstate Bank of Florida, National Association (FL) took over its insured deposits. At failure it held $71.5M in assets and $71.1M in deposits. The FDIC's estimated loss on the failure is $13.7M (19.2% of assets).