Bank failure · FL

Commerce Bank of Southwest Florida (Fort Myers, FL) — failed November 20, 2009

Commerce Bank of Southwest Florida of Fort Myers, Florida was closed on November 20, 2009 and resolved through a purchase and assumption. Central Bank (MN) took over its insured deposits. At failure it held $71.0M in assets and $72.8M in deposits. The FDIC's estimated loss on the failure is $32.2M (45.4% of assets).