Bank closure Friday
November 13th, 2009Federal regulators started off this Friday with a couple of bank closures in Florida. Details are below. I’ll update with new posts if there are any more today.
Bank closure No. 121 of 2009:
Century Bank of Sarasota, Fla. was closed, then taken over by IBERIABANK of Lafayette, La. Century had 11 branches. Estimated cost to the FDIC: $344 million.
Bank closure No. 122:
Orion Bank of Naples, Fla., was closed, then taken overy by IBERIABANK of Lafayette, La. Orion had 23 branches. Estimated cost to the FDIC: $615 million.

