Bank failure · FL
Chipola Community Bank (Marianna, FL) — failed April 19, 2013
Chipola Community Bank of Marianna, Florida was closed on April 19, 2013 and resolved through a purchase and assumption. First Federal Bank of Florida (FL) took over its insured deposits. At failure it held $37.5M in assets and $37.1M in deposits. The FDIC's estimated loss on the failure is $7.9M (21.1% of assets).
- Closing date
- April 19, 2013
- FDIC certificate #
- 58034
- 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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