Bank failure · FL

Riverside Bank of the Gulf Coast (Cape Coral, FL) — failed February 13, 2009

Riverside Bank of the Gulf Coast of Cape Coral, Florida was closed on February 13, 2009 and resolved through a purchase and assumption. Tib Bank (FL) took over its insured deposits. At failure it held $523.7M in assets and $422.7M in deposits. The FDIC's estimated loss on the failure is $199.8M (38.2% of assets).