Bank Failure
BANK OF JACKSON COUNTY
Closed October 30, 2013 · GRACEVILLE, FL · FDIC Cert #14794.
- Closing date
- October 30, 2013
- Headquarters
- GRACEVILLE, FL
- FDIC Certificate
- 14794
- Total assets at closing
- $24,724,000
- Total deposits at closing
- $24,591,000
- Estimated loss to DIF
- $5,849,000
- Resolution type
- other
- Acquirer
- FIRST FEDERAL BANK OF FLORIDA (FDIC Cert #10490)
Context
On October 30, 2013, regulators closed BANK OF JACKSON COUNTY, headquartered in GRACEVILLE, FL. At closing, the institution held approximately $24,724,000 in assets and $24,591,000 in deposits. The FDIC arranged a resolution under which FIRST FEDERAL BANK OF FLORIDA acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $5,849,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 2013
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 2013-12-13 | TEXAS COMMUNITY BANK, NATIONAL ASSOCIATION | THE WOODLANDS, TX | $159,257,000 |
| 2013-09-13 | FIRST NATIONAL BANK | EDINBURG, TX | $3,085,764,000 |
| 2013-09-13 | THE COMMUNITY'S BANK | BRIDGEPORT, CT | $26,368,000 |
| 2013-08-23 | COMMUNITY SOUTH BANK | PARSONS, TN | $386,908,000 |
| 2013-08-23 | SUNRISE BANK OF ARIZONA | PHOENIX, AZ | $202,179,000 |
| 2013-08-09 | BANK OF WAUSAU | WAUSAU, WI | $43,564,000 |
| 2013-08-02 | FIRST COMMUNITY BANK OF SOUTHWEST FLORIDA | FORT MYERS, FL | $247,315,000 |
| 2013-06-07 | MOUNTAIN NATIONAL BANK | SEVIERVILLE, TN | $437,282,000 |
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