Bank failure · FL
Progress Bank of Florida (Tampa, FL) — failed October 22, 2010
Progress Bank of Florida of Tampa, Florida was closed on October 22, 2010 and resolved through a purchase and assumption. Bay Cities Bank (FL) took over its insured deposits. At failure it held $94.8M in assets and $86.9M in deposits. The FDIC's estimated loss on the failure is $34.6M (36.4% of assets).
- Closing date
- October 22, 2010
- FDIC certificate #
- 32251
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bay Cities Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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