Bank failure · FL
The First National Bank of Florida (Milton, FL) — failed September 9, 2011
The First National Bank of Florida of Milton, Florida was closed on September 9, 2011 and resolved through a purchase and assumption. Charterbank (GA) took over its insured deposits. At failure it held $296.8M in assets and $280.1M in deposits. The FDIC's estimated loss on the failure is $75.7M (25.5% of assets).
- Closing date
- September 9, 2011
- FDIC certificate #
- 25155
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Charterbank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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