The Graveyard › Banks › 2010
Bank of Florida - Southwest
Naples, FL · failed May 28, 2010 · FDIC certificate 35106
Bank of Florida - Southwest of Naples, FL failed on May 28, 2010. It opened on August 24, 1999, 10 years before. At its last report before that it held $640.9 million in assets and $559.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2008, it held $771.3 million. The FDIC estimates that the Deposit Insurance Fund lost $87.6 million on it.
1999-092010-03
Assets at the end$640.9 millionlast report before May 28, 2010
Deposits at the end$559.9 million
Estimated loss to the fund$87.6 millionDIF
Largest in the quarterly reports$771.3 millionSeptember 30, 2008
Equity to assets-2.5%March 31, 2010
Loans not being repaid14.6%noncurrent, March 31, 2010
Return on assets-15.51%a year's rate, March 31, 2010
Staff124full time, March 31, 2010
Also ended in 2010
- Westernbank Puerto Rico · Mayaguez, PR · $10.8 billion in assets
- R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
- La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
- Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
- Frontier Bank · Everett, WA · $3.3 billion in assets
- Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.