Bank failure · FL
Landmark Bank of Florida (Sarasota, FL) — failed July 22, 2011
Landmark Bank of Florida of Sarasota, Florida was closed on July 22, 2011 and resolved through a purchase and assumption. American Momentum Bank (FL) took over its insured deposits. At failure it held $266.5M in assets and $244.4M in deposits. The FDIC's estimated loss on the failure is $37.4M (14.0% of assets).
- Closing date
- July 22, 2011
- FDIC certificate #
- 35244
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- American Momentum Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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