Bank Failure
First Community Bank of Southwest Florida
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Closed August 2, 2013 · Fort Myers, FL · FDIC Cert #34943.
- Closing date
- August 2, 2013
- Headquarters
- Fort Myers, FL
- FDIC Certificate
- 34943
- Total assets at closing
- $247.3M
- Total deposits at closing
- $243.6M
- Estimated loss to the insurance fund
- $24.9M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- C1 Bank
Context
On August 2, 2013, regulators closed First Community Bank of Southwest Florida, headquartered in Fort Myers, FL. At closing, the institution held approximately $247.3M in assets and $243.6M in deposits. The FDIC record names C1 Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $24.9M.
By assets at closing this is the 649th largest of the 3,526 bank failures in the FDIC record, and the 6th of 24 in 2013. 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 First Community Bank of Southwest Florida fail?
First Community Bank of Southwest Florida was closed by regulators on August 2, 2013.
Who acquired First Community Bank of Southwest Florida?
The FDIC record names C1 Bank as the acquiring institution in the resolution of First Community Bank of Southwest Florida.
How big was First Community Bank of Southwest Florida when it failed?
First Community Bank of Southwest Florida had approximately $247.3M in total assets and $243.6M in deposits at the time of failure.
Other failures in 2013
| Date | Bank | Assets |
|---|---|---|
| Dec 13, 2013 | Texas Community Bank, N.A. | $159.3M |
| Oct 30, 2013 | Bank of Jackson County | $24.7M |
| Sep 13, 2013 | First National Bank | $3.09B |
| Sep 13, 2013 | The Community's Bank | $26.4M |
| Aug 23, 2013 | Community South Bank | $386.9M |
| Aug 23, 2013 | Sunrise Bank of Arizona | $202.2M |
| Aug 9, 2013 | Bank of Wausau | $43.6M |
| Jun 7, 2013 | Mountain National Bank | $437.3M |
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