Bank Failure
Riverside National Bank of Florida
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Closed April 16, 2010 · Fort Pierce, FL · FDIC Cert #24067.
- Closing date
- April 16, 2010
- Headquarters
- Fort Pierce, FL
- FDIC Certificate
- 24067
- Total assets at closing
- $3.39B
- Total deposits at closing
- $2.72B
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- TD Bank, N.A.
Context
On April 16, 2010, regulators closed Riverside National Bank of Florida, headquartered in Fort Pierce, FL. At closing, the institution held approximately $3.39B in assets and $2.72B in deposits. The FDIC record names TD Bank, N.A. as the acquiring institution in the resolution.
By assets at closing this is the 64th largest of the 3,526 bank failures in the FDIC record, and the 4th 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 Riverside National Bank of Florida fail?
Riverside National Bank of Florida was closed by regulators on April 16, 2010.
Who acquired Riverside National Bank of Florida?
The FDIC record names TD Bank, N.A. as the acquiring institution in the resolution of Riverside National Bank of Florida.
How big was Riverside National Bank of Florida when it failed?
Riverside National Bank of Florida had approximately $3.39B in total assets and $2.72B 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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