Bank failure · FL
Sterling Bank (Lantana, FL) — failed July 23, 2010
Sterling Bank of Lantana, Florida was closed on July 23, 2010 and resolved through a purchase and assumption. Iberiabank (LA) took over its insured deposits. At failure it held $355.0M in assets and $329.5M in deposits. The FDIC's estimated loss on the failure is $41.8M (11.8% of assets).
- Closing date
- July 23, 2010
- FDIC certificate #
- 32536
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Iberiabank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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