Bank failure · FL
Olde Cypress Community Bank (Clewiston, FL) — failed July 16, 2010
Olde Cypress Community Bank of Clewiston, Florida was closed on July 16, 2010 and resolved through a purchase and assumption. Centerstate Bank of Florida, National Association (FL) took over its insured deposits. At failure it held $161.4M in assets and $158.0M in deposits. The FDIC's estimated loss on the failure is $25.5M (15.8% of assets).
- Closing date
- July 16, 2010
- FDIC certificate #
- 28864
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Centerstate Bank of Florida, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
Other failures in 2010
- United Americas Bank GA
- Community National Bank MN
- First Southern Bank AR
- Appalacian Community Bank, F.S.B. GA
- The Bank of Miami FL
- Chestatee State Bank GA
- Paramount Bank MI
- Earthstar Bank PA
- First Banking Center WI
- Allegiance Bank of North America PA
- Gulf State Community Bank FL
- Copper Star Bank AZ
- Darby Bank & Trust Company GA
- Tifton Banking Company GA
- K Bank MD
- Western Commercial Bank CA
- First Vietnamese American Bank CA
- Pierce Commercial Bank WA
- First Arizona Savings, a FSB AZ
- Progress Bank of Florida FL
- First Bank of Jacksonville FL
- Hillcrest Bank KS
- First Suburban National Bank IL
- The First National Bank of Barnesville GA