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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All Florida events
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Largest bank failures in Florida
| Date | Bank | Assets |
|---|---|---|
| May 21, 2009 | BankUnited, FSB | $13.11B |
| Sep 19, 1991 | Southeast Bank, N.A. | $11.03B |
| Feb 2, 1990 | Centrust Bank, SB | $8.22B |
| Nov 9, 1990 | Florida Federal Savings Bank | $4.12B |
| Mar 15, 1991 | Amerifirst Federal Savings | $3.58B |
| Apr 16, 2010 | Riverside National Bank of Florida | $3.39B |
| Nov 13, 2009 | Orion Bank | $2.61B |
| Feb 2, 1990 | Pioneer Savings Bank, FSB | $1.94B |
| Jul 23, 1987 | Freedom S&LA | $1.89B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
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 | Assets |
|---|---|---|
| Jul 19, 1991 | New Metropolitan FSB | $18.4M |
| May 31, 1991 | Goldome FSB | $1.48B |
| May 24, 1991 | Florida State Bank | $87.4M |
| Apr 5, 1991 | First FS & La of Seminole Co. | $185.3M |
| Mar 15, 1991 | Amerifirst Federal Savings | $3.58B |
| Mar 15, 1991 | Sovereign SB | $38.9M |
| Mar 8, 1991 | First Citizens Sla | $200.5M |
| Mar 8, 1991 | First Marine Bank of Florida | $17.2M |
| Mar 8, 1991 | Seafirst Bank | $11.5M |
| Feb 22, 1991 | Hollywood FSB | $1.53B |
| Jan 25, 1991 | Coral S & La | $32.2M |
| Dec 14, 1990 | First Commercial Bank of Florida | $171.6M |
| Nov 9, 1990 | Florida Federal Savings Bank | $4.12B |
| Oct 19, 1990 | Gold Coast Savings Bank | $151.7M |
| Oct 12, 1990 | International FS & La | $84.2M |
| Aug 24, 1990 | Ambassador FS & La | $184.1M |
| Jul 27, 1990 | Professional Savings Bank | $695.6M |
| Jul 27, 1990 | Citizens & Builders FS | $119.2M |
| Jun 15, 1990 | Bank M | $10.7M |
| Jun 1, 1990 | Investors of Florida | $282.6M |
| Jun 1, 1990 | Great Life FSA | $42.7M |
| May 25, 1990 | American Pioneer Savings Bank | $1.61B |
| May 4, 1990 | Tucker State Bank | $41.8M |
| Apr 20, 1990 | Enterprise FED. FSA | $62.6M |
| Mar 30, 1990 | Imperial Bank | $23.2M |
| Mar 22, 1990 | Miami National Bank | $46.4M |
| Mar 2, 1990 | Haven FS & La | $172.4M |
| Feb 2, 1990 | Centrust Bank, SB | $8.22B |
| Feb 2, 1990 | Pioneer Savings Bank, FSB | $1.94B |
| Feb 2, 1990 | Commerce Bank of Tampa | $21.6M |
| Jan 26, 1990 | Creditbank | $76.4M |
| Jan 18, 1990 | Duval Federal Savings ASSN. | $1.02B |
| Dec 15, 1989 | First American Bank and Trust | $1.38B |
| Dec 8, 1989 | Orange State Bank | $8.0M |
| Nov 16, 1989 | General Federal Savings Bank | $355.5M |
| Jul 20, 1989 | Commonwealth Federal S & L | $1.58B |
| Apr 27, 1989 | Seminole National Bank | $6.6M |
| Mar 31, 1989 | Interstate Bank of Commerce | $6.4M |
| Mar 17, 1989 | Enterprise Bank of Florida | $28.0M |
| Mar 16, 1989 | Royal Palm Savings Bank | $564.0M |
| Mar 16, 1989 | Lincoln S & La | $260.6M |
| Mar 16, 1989 | First FED. S & L of the Florida Keys | $219.9M |
| Mar 16, 1989 | Miami Savings Bank | $176.6M |
| Mar 16, 1989 | Financial Security S & L Assoc. | $142.3M |
| Mar 16, 1989 | Liberty Federal Savings | $60.1M |
| Mar 16, 1989 | First Venice S & La | $58.6M |
| Mar 16, 1989 | Brickellbanc Savings Assoc. | $38.8M |
| Mar 16, 1989 | Community FED. S & L Assoc. | $10.3M |
| Feb 17, 1989 | First FS & La | $334.4M |
| Feb 17, 1989 | Southern Floridabanc Federal | $143.3M |
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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