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 |
|---|---|---|
| Feb 7, 1989 | Freedom S & La | $1.40B |
| Dec 9, 1988 | Caribank | $525.8M |
| Nov 10, 1988 | Cyprus Sa | $172.8M |
| Oct 6, 1988 | Financial Security S&LA | $150.1M |
| Feb 12, 1988 | Global Bank | $21.7M |
| Jan 29, 1988 | The Trust Bank | $164.5M |
| Aug 14, 1987 | McNulty Banking Company | $56.6M |
| Aug 7, 1987 | Bayshore Bank of Florida | $41.5M |
| Jul 23, 1987 | Freedom S&LA | $1.89B |
| May 15, 1987 | Liberty S&LA | $98.7M |
| Apr 16, 1987 | Southern Floridabanc Sa | $219.1M |
| Feb 13, 1987 | The County Bank | $187.1M |
| Aug 27, 1986 | Metropolitan FS&LA | $49.8M |
| May 23, 1986 | Sunshine State Bank | $109.4M |
| Apr 18, 1986 | Florida Center Bank | $78.9M |
| Feb 14, 1986 | Park Bank of Florida | $591.7M |
| Feb 14, 1986 | Intercapital S&LA | $65.2M |
| Oct 3, 1985 | Tower Bank, N.A. | $20.5M |
| Jul 18, 1985 | Sunrise, S&LA | $1.52B |
| Mar 1, 1985 | Halifax National Bank of Port Orange | $38.6M |
| Sep 20, 1984 | Century National Bank | $13.2M |
| Mar 2, 1984 | All American National Bank | $13.9M |
| Feb 12, 1982 | Metropolitan BK & TR Company | $267.4M |
| Jan 11, 1980 | Bank of Lake Helen | $3.0M |
| May 27, 1968 | Central National Bank of Jacksonville | $13.4M |
| Feb 17, 1967 | Southern Bank of St. Petersburg | $2.9M |
| Jan 12, 1966 | Five Points National Bank | $2.7M |
| Mar 31, 1942 | Bank of Malone | $149K |
| Feb 25, 1939 | The First National Bank in Brooksville | — |
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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