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Bank Failure

INTEGRITY BANK

Closed July 31, 2009 · JUPITER, FL · FDIC Cert #57604.

Closing date
July 31, 2009
Headquarters
JUPITER, FL
FDIC Certificate
57604
Total assets at closing
$105,298,000
Total deposits at closing
$98,511,000
Estimated loss to DIF
$36,473,000
Resolution type
other
Acquirer
STONEGATE BANK (FDIC Cert #10095)

Context

On July 31, 2009, regulators closed INTEGRITY BANK, headquartered in JUPITER, FL. At closing, the institution held approximately $105,298,000 in assets and $98,511,000 in deposits. The FDIC arranged a resolution under which STONEGATE BANK acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $36,473,000.

Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.

Other failures in 2009

DateBankHQAssets
2009-12-18FIRST FEDERAL BANK OF CALIFORNIA, A FEDERAL SAVINGS BANKSANTA MONICA, CA$6,143,903,000
2009-12-18IMPERIAL CAPITAL BANKLA JOLLA, CA$4,046,888,000
2009-12-18PEOPLES FIRST COMMUNITY BANKPANAMA CITY, FL$1,795,420,000
2009-12-18NEW SOUTH FEDERAL SAVINGS BANKIRONDALE, AL$1,464,127,000
2009-12-18INDEPENDENT BANKERS' BANKSPRINGFIELD, IL$585,508,000
2009-12-18ROCKBRIDGE COMMERCIAL BANKATLANTA, GA$294,024,000
2009-12-18CITIZENS STATE BANKNEW BALTIMORE, MI$168,551,000
2009-12-11SOLUTIONSBANKOVERLAND PARK, KS$511,103,000