CenterState Bank of Florida, National Association, Winter Haven, Florida, acquires all Florida two Banks deposits

Press Releases
CenterState Bank of Florida, National Association, Winter Haven, Florida, acquires all Florida two Banks deposits
Community Central Bank Bartow, Bartow and independent Central Bank, Naples

AS SOON AS THE PUBLICATION OF THE
20. August 2010 Media Contact:
Greg Hernandez
Phone: (202) 898-6984
Cell: (202) 340-4922
Email: ghernandez@fdic.gov

Community Bartow, Bartow, Florida, and independent Central Bank, Naples, Florida, At the National Bank was closed today, the currency that was then the Federal Deposit Insurance Corporation (FDIC), the two banks of the receiver as the Chief Financial Officer of the Agency. Depositors, the FDIC entered into a purchase and assumption agreement CenterState Bank National Association, Florida, Winter Haven, Florida, all deposits and substantially all the assets of two failed banks, which are linked.

In conjunction with the failed banks operate five branches again as branches CenterState Bank of Florida, n.a. pursuant to those of a normal business hours, including the offices hours on Saturday.Bartow Community At the National Bank is one of the branch and an independent Central Bank has four branches.Depositors will appear automatically in the depositors gynexin results
CenterState Bank of Florida, are not subject to FDIC insured deposits continue, so there is no need for customers to change banking relationships to conserve their deposit insurance coverage.

Two failed banks customers should continue to use their former branches before they receive communication CenterState Bank of Florida, n.a., that it is complete, so that other CenterState Bank of Florida, n.a. branches account for changes in the systems. Over the weekend the depositors to provide cash checks in writing or using ATM or debit card cards. further the Bank's Loan. customers should continue their for the purpose of effecting payments in the usual manner.

30 June 2010 At Bartow community Central Bank total assets was 67.9 million dollars and a total of deposits 63.7 million, and an independent Central Bank had total assets of $ 156.2 million and total deposits 141.9 million dollars.CenterState Bank of Florida, n.a. paid no FDIC premium two failed banks deposits.

FDIC and CenterState Bank of Florida, n.a. became the LGD entries 51.9 million dollar community Central Bank At Bartow's resources; and an independent National Bank funds 119.7 million dollars.CenterState Bank of Florida, n.a. share loan losses asset pools LGD within the scope of the agreement.Loss-to-GDP ratio is projected to maximise the return on the transaction to keep the assets covered by the private sector are also expected to the transaction. loan customers to reduce disturbances.For more information about the LGD, please visit: http://www.fdic.gov/bank/individual/failed/lossshare/index.html.

Customers who have questions about days events call free of charge from the FDIC toll: Community Central Bank customers At Bartow, 1-800-450-5668; and an independent Central Bank customers, 1-800-913-3058. phone numbers ready to operate in the evening until 9: 00 p.m. eastern daylight time; Saturday-9: 00 a.m. 6: 00 p.m. EDT on Sunday, April 26, 2009 at 6: 00 p.m. EDT; up to and after 8: 00 a.m. 8: 00 p.m. EDT.

Interested parties also visit the FDIC's Web site (s): the community Central Bank At Bartow, http://www.fdic.gov/bank/individual/failed/cnbbartow.html; and for Independent central banks, http://www.fdic.gov/bank/individual/failed/inatbank.html.

FDIC estimates that the cost-Deposit Insurance fund (DIF) for the community Central Bank At Bartow is 10,3 million dollars, and for Independent central banks, 23.2 million dollar. other options, Florida, as compared to Bank n.a. 's CenterState acquisition was the cheapest, the accuracy of the FDIC DATA INTERCHANGE FORMAT.

These closures will lead to an increase in the total number of years the nation and the twenty-first and twenty-second Florida banks 112. These failures before the latter FDIC insured with the institution closed was the Bayside savings bank, Port Saint Joe, 30.July 2010.

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Congress created the Federal Deposit Insurance Corporation to restore the public's confidence in the nation of the banking system of the 1933. deposits FDIC takaatte successful nation 7,932 banks and savings associations and it contributes to the stability and security by identifying, monitoring and deal with risks for which they are exposed to the FDIC may not. federal tax dollars – the insured financial institutions to finance their activities.

FDIC press releases and other information is electronically available on the Internet at www.fdic.gov order (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained from the FDIC's Public Information Center (877-275-3342 or 703-562-2200).PR-191-2010