Bank failure · FL
Wakulla Bank (Crawfordville, FL) — failed October 1, 2010
Wakulla Bank of Crawfordville, Florida was closed on October 1, 2010 and resolved through a purchase and assumption. Centennial Bank (AR) took over its insured deposits. At failure it held $402.2M in assets and $367.2M in deposits. The FDIC's estimated loss on the failure is $119.9M (29.8% of assets).
- Closing date
- October 1, 2010
- FDIC certificate #
- 21777
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Centennial Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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