Bank failure · FL
First Commercial Bank of Florida (Orlando, FL) — failed January 7, 2011
First Commercial Bank of Florida of Orlando, Florida was closed on January 7, 2011 and resolved through a purchase and assumption. First Southern Bank (FL) took over its insured deposits. At failure it held $578.6M in assets and $537.2M in deposits. The FDIC's estimated loss on the failure is $88.9M (15.4% of assets).
- Closing date
- January 7, 2011
- FDIC certificate #
- 34965
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Southern Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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