Bank failure · FL
Flagship National Bank (Bradenton, FL) — failed October 23, 2009
Flagship National Bank of Bradenton, Florida was closed on October 23, 2009 and resolved through a purchase and assumption. First Federal Bank of Florida (FL) took over its insured deposits. At failure it held $177.6M in assets and $170.1M in deposits. The FDIC's estimated loss on the failure is $62.1M (35.0% of assets).
- Closing date
- October 23, 2009
- FDIC certificate #
- 35044
- 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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