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
Apr 16, 2010	Americanfirst Bank	Clermont	$104.0M	TD Bank, N.A.
Mar 26, 2010	Key West Bank	Key West	$88.0M	Centennial Bank
Mar 12, 2010	Old Southern Bank	Orlando	$336.4M	Centennial Bank
Mar 5, 2010	Sun American Bank	Boca Raton	$535.7M	First-Citizens Bank
Feb 19, 2010	Marco Community Bank	Marco Island	$119.6M	Mutual of Omaha Bank
Jan 29, 2010	Florida Community Bank	Immokalee	$835.7M	Premier American Bank, N.A.
Jan 22, 2010	Premier American Bank	Miami	$299.2M	Premier American Bank, N.A.
Dec 18, 2009	Peoples First Community Bank	Panama City	$1.80B	Hancock Bank
Dec 11, 2009	Republic Federal Bank, N.A.	Miami	$433.0M	1st United Bank
Nov 20, 2009	Commerce Bank of Southwest Florida	Fort Myers	$71.0M	Central Bank
Nov 13, 2009	Orion Bank	Naples	$2.61B	Iberiabank
Nov 13, 2009	Century Bank, a Federal Savings Bank	Sarasota	$755.9M	Iberiabank
Oct 23, 2009	Flagship National Bank	Bradenton	$177.6M	First Federal Bank of Florida
Oct 23, 2009	Hillcrest Bank Florida	Naples	$82.8M	Stonegate Bank
Oct 23, 2009	Partners Bank	Naples	$65.5M	Stonegate Bank
Aug 7, 2009	First State Bank	Sarasota	$447.7M	Stearns Bank, N.A.
Aug 7, 2009	Community National Bank of Sarasota County	Venice	$92.5M	Stearns Bank, N.A.
Jul 31, 2009	Integrity Bank	Jupiter	$105.3M	Stonegate Bank
May 21, 2009	BankUnited, FSB	Coral Gables	$13.11B	BankUnited
Feb 13, 2009	Riverside Bank of the Gulf Coast	Cape Coral	$523.7M	TIB Bank
Jan 30, 2009	Ocala National Bank	Ocala	$219.4M	Centerstate Bank of Florida, N.A.
Oct 31, 2008	Freedom Bank	Bradenton	$270.8M	Fifth Third Bank
Aug 1, 2008	First Priority Bank	Bradenton	$258.6M	Suntrust Bank
Mar 12, 2004	Guaranty National Bank	Tallahassee	$71.3M	Hancock Bank
Mar 1, 2002	Net First National Bank	Boca Raton	$37.2M	Bank Leumi
Jan 11, 2002	Hamilton Bank, N.A.	Miami	$1.41B	Israel Discount Bank of New
Sep 10, 1999	Peoples NB of Commerce	Miami	$36.8M	Boston Bank of Commerce
Jul 9, 1999	Oceanmark Bank, a FSB	North Miami Beach	$69.0M	Third FS&LA of Florida
Mar 16, 1993	The Guardian Bank, FSB	Boca Raton	$75.6M	Shawmut Bank, FSB
Dec 8, 1992	Palm Beach FSA	Palm Beach Garden	$59.4M	Southbank, a FSB
Jun 26, 1992	Jacksonville FSA	Jacksonville	$150.9M	First Union NB of FL
Apr 10, 1992	Security First FS & La	Daytona Beach	$1.01B	First Union NB of FL
Mar 27, 1992	Flagler FS & La	Miami	$1.60B	First Union NB of FL
Feb 21, 1992	National City Bank	Coral Springs	$19.0M	Intercontinental Bank
Feb 7, 1992	United Savings of America, F.A.	Melbourne	$327.2M	Barnett Bank of Central FL
Feb 7, 1992	Merchants National Bank	Fort Myers	$35.1M	Founders National Trust
Jan 31, 1992	Security FSA	Panama City	$107.1M	Branch sale
Jan 10, 1992	Hansen FSB	Palm Beach Garden	$51.8M	Fidelity FSB of FL
Dec 20, 1991	North Ridge Bank	Oakland Park	$94.3M	Intercontinental Bank
Nov 26, 1991	First National Bank of Miami	Miami	$40.5M	Ready State Bank
Oct 29, 1991	The Private Bank & Trust, Nation	Miami	$4.3M	—
Oct 16, 1991	Citizens FSA	Jacksonville	$65.7M	Branch sale
Oct 11, 1991	The First, Federal Association	Orlando	$1.07B	Great Western Bank, FSB
Oct 11, 1991	Life FSB	Clearwater	$107.6M	Life SB, FSB
Sep 19, 1991	Southeast Bank, N.A.	Miami	$11.03B	First Union National Bank O
Sep 19, 1991	Southeast Bank of West Florida	Pensacola	$97.3M	First Union National Bank O
Sep 6, 1991	Bay FSB	West Palm Beach	$58.1M	Fidelity FSB of FL
Aug 9, 1991	Bank of South Palm Beaches	Hypoluxo	$61.3M	1st United Bank
Aug 9, 1991	Southcoast Bank Corporation	West Palm Beach	$26.1M	—
Aug 2, 1991	Coral Coast FSB	Boynton Beach	$61.2M	Mackinac SB, FSB

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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