Failures by State

Bank Failures in Florida

179 FDIC-insured banks headquartered in Florida have failed since 1939, the 4th most of any state or territory. The most recent was First City Bank of Florida on October 16, 2020. The worst year was 2010, with 29 failures. Failed banks held $96.09B in assets at closing.

179

Failures

1939 to 2020

$96.09B

Failed assets

At closing

$17.17B

Estimated DIF loss

FDIC estimate

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Largest bank failures in Florida

Date	Bank	City	Assets	Acquirer or resolution
May 21, 2009	BankUnited, FSB	Coral Gables	$13.11B	BankUnited
Sep 19, 1991	Southeast Bank, N.A.	Miami	$11.03B	First Union National Bank O
Feb 2, 1990	Centrust Bank, SB	Miami	$8.22B	Great Western Bank, FSB
Nov 9, 1990	Florida Federal Savings Bank	St. Petersburg	$4.12B	First Union Corp.
Mar 15, 1991	Amerifirst Federal Savings	Miami	$3.58B	Great Western Bank, FSB
Apr 16, 2010	Riverside National Bank of Florida	Fort Pierce	$3.39B	TD Bank, N.A.
Nov 13, 2009	Orion Bank	Naples	$2.61B	Iberiabank
Feb 2, 1990	Pioneer Savings Bank, FSB	Clearwater	$1.94B	Great Western Bank, FSB
Jul 23, 1987	Freedom S&LA	Tampa	$1.89B	—
Dec 18, 2009	Peoples First Community Bank	Panama City	$1.80B	Hancock Bank

Florida bank failures by year

Year	Failures	Failed assets
2020	1	$136.6M
2015	1	$73.8M
2014	1	$81.8M
2013	4	$413.5M
2012	8	$1.25B
2011	13	$4.21B
2010	29	$11.79B
2009	14	$20.49B
2008	2	$529.5M
2004	1	$71.3M
2002	2	$1.45B
1999	2	$105.8M
1993	1	$75.6M
1992	9	$3.37B
1991	23	$19.88B
1990	21	$19.09B
1989	19	$6.77B
1988	5	$1.04B
1987	6	$2.50B
1986	5	$895.0M
1985	3	$1.58B
1984	2	$27.1M
1982	1	$267.4M
1980	1	$3.0M
1968	1	$13.4M
1967	1	$2.9M
1966	1	$2.7M
1942	1	$149K
1939	1	—

Every bank failure in Florida

Date	Bank	City	Assets	Acquirer or resolution
Oct 16, 2020	First City Bank of Florida	Fort Walton Beach	$136.6M	United Fidelity Bank, FSB
Jan 16, 2015	First National Bank of Crestview	Crestview	$73.8M	First NBC Bank
Jun 20, 2014	Valley Bank	Fort Lauderdale	$81.8M	Landmark Bank, N.A.
Oct 30, 2013	Bank of Jackson County	Graceville	$24.7M	First Federal Bank of Florida
Aug 2, 2013	First Community Bank of Southwest Florida	Fort Myers	$247.3M	C1 Bank
Apr 19, 2013	Heritage Bank of North Florida	Orange Park	$104.0M	Firstatlantic Bank
Apr 19, 2013	Chipola Community Bank	Marianna	$37.5M	First Federal Bank of Florida
Nov 2, 2012	Heritage Bank of Florida	Lutz	$225.5M	Centennial Bank
Oct 19, 2012	Gulfsouth Private Bank	Destin	$139.4M	SmartBank
Oct 19, 2012	First East Side Savings Bank	Tamarac	$65.7M	Stearns Bank N.A.
Jul 20, 2012	The Royal Palm Bank of Florida	Naples	$78.8M	First National Bank of the Gulf Coast
Jun 15, 2012	Putnam State Bank	Palatka	$169.5M	Harbor Community Bank
May 4, 2012	Security Bank, N.A.	North Lauderdale	$101.0M	Banesco USA
Jan 27, 2012	First Guaranty Bank and Trust Company of Jacksonville	Jacksonville	$397.1M	Centerstate Bank of Florida, N.A.
Jan 20, 2012	Central Florida State Bank	Belleview	$71.5M	Centerstate Bank of Florida, N.A.
Dec 16, 2011	Premier Community Bank of the Emerald Coast	Crestview	$126.0M	Summit Bank, N.A.
Oct 21, 2011	Old Harbor Bank	Clearwater	$209.0M	1st United Bank
Sep 9, 2011	The First National Bank of Florida	Milton	$296.8M	Charterbank
Aug 19, 2011	Lydian Private Bank	Palm Beach	$1.70B	Sabadell United Bank, N.A.
Jul 22, 2011	Landmark Bank of Florida	Sarasota	$266.5M	American Momentum Bank
Jul 22, 2011	Southshore Community Bank	Apollo Beach	$41.3M	American Momentum Bank
Jul 15, 2011	First Peoples Bank	Port Saint Lucie	$225.0M	Premier American Bank, N.A.
Jun 17, 2011	First Commercial Bank of Tampa Bay	Tampa	$98.6M	Stonegate Bank
May 6, 2011	Coastal Bank	Cocoa Beach	$129.4M	Premier American Bank, N.A.
Apr 29, 2011	First National Bank of Central Florida	Winter Park	$342.1M	Premier American Bank, N.A.
Apr 29, 2011	Cortez Community Bank	Brooksville	$66.3M	Premier American Bank, N.A.
Feb 11, 2011	Sunshine State Community Bank	Port Orange	$125.5M	Premier American Bank, N.A.
Jan 7, 2011	First Commercial Bank of Florida	Orlando	$578.6M	First Southern Bank
Dec 17, 2010	The Bank of Miami	Coral Gables	$448.1M	1st United Bank
Nov 19, 2010	Gulf State Community Bank	Carrabelle	$112.1M	Centennial Bank
Oct 22, 2010	Progress Bank of Florida	Tampa	$94.8M	Bay Cities Bank
Oct 22, 2010	First Bank of Jacksonville	Jacksonville	$73.9M	Ameris Bank
Oct 1, 2010	Wakulla Bank	Crawfordville	$402.2M	Centennial Bank
Sep 24, 2010	Haven Trust Bank Florida	Ponte Vedra Beach	$148.6M	First Southern Bank
Sep 10, 2010	Horizon Bank	Bradenton	$187.8M	Bank of the Ozarks
Aug 20, 2010	Independent National Bank	Ocala	$156.2M	Centerstate Bank of Florida, N.A.
Aug 20, 2010	Community National Bank at Bartow	Bartow	$67.9M	Centerstate Bank of Florida, N.A.
Jul 30, 2010	Coastal Community Bank	Panama City Beach	$377.5M	Centennial Bank
Jul 30, 2010	Bayside Savings Bank	Port Saint Joe	$64.3M	Centennial Bank
Jul 23, 2010	Sterling Bank	Lantana	$355.0M	Iberiabank
Jul 16, 2010	Metro Bank of Dade County	Miami	$399.4M	Nafh National Bank
Jul 16, 2010	Turnberry Bank	Aventura	$240.3M	Nafh National Bank
Jul 16, 2010	Olde Cypress Community Bank	Clewiston	$161.4M	Centerstate Bank of Florida, N.A.
Jun 25, 2010	Peninsula Bank	Englewood	$630.2M	Premier American Bank
May 28, 2010	Bank of Florida - Southwest	Naples	$640.9M	EverBank
May 28, 2010	Bank of Florida - Southeast	Fort Lauderdale	$595.3M	EverBank
May 28, 2010	Bank of Florida - Tampa Bay	Tampa Bay	$240.5M	EverBank
May 7, 2010	The Bank of Bonifay	Bonifay	$242.9M	First Federal Bank of Florida
Apr 16, 2010	Riverside National Bank of Florida	Fort Pierce	$3.39B	TD Bank, N.A.
Apr 16, 2010	First Federal Bank of North Florida	Palatka	$440.1M	TD Bank, N.A.

Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.

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