Bank failure · FL
Freedom Bank (Bradenton, FL) — failed October 31, 2008
Freedom Bank of Bradenton, Florida was closed on October 31, 2008 and resolved through a purchase and assumption. Fifth Third Bank (MI) took over its insured deposits. At failure it held $270.8M in assets and $256.8M in deposits. The FDIC's estimated loss on the failure is $113.5M (41.9% of assets).
- Closing date
- October 31, 2008
- FDIC certificate #
- 57930
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Fifth Third Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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