4 failed banks ยท 2009 to 2010
Failed banks taken over by IBERIABANK
IBERIABANK of Lafayette, Louisiana took over four failed banks between 2009 and 2010, the 17th-highest count among the 318 acquirers of that period. Together they reported $4.3 billion in assets and $3.7 billion in deposits at closing. The largest was Orion Bank, at $2.6 billion. The banks were spread over two states, most in Florida (3). Three of the deals came in 2009. The first was CapitalSouth Bank of Birmingham, on August 21, 2009. The most recent was Sterling Bank of Lantana, on July 23, 2010. The FDIC's estimated loss on these failures totals $1.2 billion, a median of 24% of each bank's assets.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| August 21, 2009 | CapitalSouth Bank | Birmingham, AL | $587 million | $126 million |
| November 13, 2009 | Orion Bank | Naples, FL | $2.6 billion | $713 million |
| November 13, 2009 | Century Bank, F.S.B. | Sarasota, FL | $756 million | $307 million |
| July 23, 2010 | Sterling Bank | Lantana, FL | $355 million | $41.8 million |
The FDIC names the acquirer in each failure record. This page lists what that record shows and says nothing about the acquiring bank today.