Bank failure · FL

The Royal Palm Bank of Florida (Naples, FL) — failed July 20, 2012

The Royal Palm Bank of Florida of Naples, Florida was closed on July 20, 2012 and resolved through a purchase and assumption. First National Bank of the Gulf Coast (FL) took over its insured deposits. At failure it held $78.8M in assets and $78.9M in deposits. The FDIC's estimated loss on the failure is $16.8M (21.4% of assets).