Bank failure · FL
Community National Bank of Sarasota County (Venice, FL) — failed August 7, 2009
Community National Bank of Sarasota County of Venice, Florida was closed on August 7, 2009 and resolved through a purchase and assumption. Stearns Bank, National Association (MN) took over its insured deposits. At failure it held $92.5M in assets and $92.4M in deposits. The FDIC's estimated loss on the failure is $25.4M (27.4% of assets).
- Closing date
- August 7, 2009
- FDIC certificate #
- 27183
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Stearns Bank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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