Bank failure · FL
Century Bank, a Federal Savings Bank (Sarasota, FL) — failed November 13, 2009
Century Bank, a Federal Savings Bank of Sarasota, Florida was closed on November 13, 2009 and resolved through a purchase and assumption. Iberiabank (LA) took over its insured deposits. At failure it held $755.9M in assets and $659.7M in deposits. The FDIC's estimated loss on the failure is $306.9M (40.6% of assets).
- Closing date
- November 13, 2009
- FDIC certificate #
- 32267
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Iberiabank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
Other failures in 2009
- Imperial Capital Bank CA
- New South Federal Savings Bank AL
- First Federal Bank of California, a Federal Savings Bank CA
- Peoples First Community Bank FL
- Rockbridge Commercial Bank GA
- Independent Bankers' Bank IL
- Citizens State Bank MI
- Republic Federal Bank, N.A. FL
- Solutionsbank KS
- Valley Capital Bank, N.A. AZ
- Amtrust Bank OH
- First Security National Bank GA
- The Tatnall Bank GA
- Greater Atlantic Bank VA
- Benchmark Bank IL
- The Buckhead Community Bank GA
- Commerce Bank of Southwest Florida FL
- Orion Bank FL
- Pacific Coast National Bank CA
- Prosperan Bank MN
- United Commercial Bank CA
- Home Federal Savings Bank MI
- United Security Bank GA
- Gateway Bank of St Louis MO