Bank failure · FL
Gulf State Community Bank (Carrabelle, FL) — failed November 19, 2010
Gulf State Community Bank of Carrabelle, Florida was closed on November 19, 2010 and resolved through a purchase and assumption. Centennial Bank (AR) took over its insured deposits. At failure it held $112.1M in assets and $112.2M in deposits. The FDIC's estimated loss on the failure is $44.4M (39.6% of assets).
- Closing date
- November 19, 2010
- FDIC certificate #
- 20340
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Centennial Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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