Bank Failure
Central Florida State Bank
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Closed January 20, 2012 · Belleview, FL · FDIC Cert #57186.
- Closing date
- January 20, 2012
- Headquarters
- Belleview, FL
- FDIC Certificate
- 57186
- Total assets at closing
- $71.5M
- Total deposits at closing
- $71.1M
- Estimated loss to the insurance fund
- $13.7M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Centerstate Bank of Florida, N.A.
Context
On January 20, 2012, regulators closed Central Florida State Bank, headquartered in Belleview, FL. At closing, the institution held approximately $71.5M in assets and $71.1M in deposits. The FDIC record names Centerstate Bank of Florida, N.A. as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $13.7M.
By assets at closing this is the 1411th largest of the 3,526 bank failures in the FDIC record, and the 41st of 51 in 2012. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Central Florida State Bank fail?
Central Florida State Bank was closed by regulators on January 20, 2012.
Who acquired Central Florida State Bank?
The FDIC record names Centerstate Bank of Florida, N.A. as the acquiring institution in the resolution of Central Florida State Bank.
How big was Central Florida State Bank when it failed?
Central Florida State Bank had approximately $71.5M in total assets and $71.1M in deposits at the time of failure.
Other failures in 2012
| Date | Bank | Assets |
|---|---|---|
| Dec 14, 2012 | Community Bank of the Ozarks | $42.8M |
| Nov 16, 2012 | Hometown Communitybank | $124.6M |
| Nov 2, 2012 | Citizens First National Bank | $924.0M |
| Nov 2, 2012 | Heritage Bank of Florida | $225.5M |
| Oct 26, 2012 | Nova Bank | $444.7M |
| Oct 19, 2012 | Excel Bank | $186.1M |
| Oct 19, 2012 | Gulfsouth Private Bank | $139.4M |
| Oct 19, 2012 | First East Side Savings Bank | $65.7M |
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