Bank Failure
Marco Community Bank
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Closed February 19, 2010 · Marco Island, FL · FDIC Cert #57586.
- Closing date
- February 19, 2010
- Headquarters
- Marco Island, FL
- FDIC Certificate
- 57586
- Total assets at closing
- $119.6M
- Total deposits at closing
- $117.1M
- Estimated loss to the insurance fund
- $25.6M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Mutual of Omaha Bank
Context
On February 19, 2010, regulators closed Marco Community Bank, headquartered in Marco Island, FL. At closing, the institution held approximately $119.6M in assets and $117.1M in deposits. The FDIC record names Mutual of Omaha Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $25.6M.
By assets at closing this is the 1086th largest of the 3,526 bank failures in the FDIC record, and the 113th of 157 in 2010. 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 Marco Community Bank fail?
Marco Community Bank was closed by regulators on February 19, 2010.
Who acquired Marco Community Bank?
The FDIC record names Mutual of Omaha Bank as the acquiring institution in the resolution of Marco Community Bank.
How big was Marco Community Bank when it failed?
Marco Community Bank had approximately $119.6M in total assets and $117.1M in deposits at the time of failure.
Other failures in 2010
| Date | Bank | Assets |
|---|---|---|
| Dec 17, 2010 | The Bank of Miami | $448.1M |
| Dec 17, 2010 | Chestatee State Bank | $244.4M |
| Dec 17, 2010 | United Americas Bank | $242.3M |
| Dec 17, 2010 | First Southern Bank | $191.8M |
| Dec 17, 2010 | Appalacian Community Bank, F.S.B. | $68.2M |
| Dec 17, 2010 | Community National Bank | $31.6M |
| Dec 10, 2010 | Paramount Bank | $252.7M |
| Dec 10, 2010 | Earthstar Bank | $112.6M |
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