Progress Bank of Florida

Status:Inactive as of 10/22/2010
 Absorption - Assisted
Successor Bank:Bay Cities Bank
Headquarters:Progress Bank of Florida
5537 Sheldon Road, Suite D
Tampa, FL 33615
Established:10/25/1984
FDIC Insurance:10/25/1984
FDIC Cert:#32251
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Total Assets:$94,823,000
Total Deposits:$86,861,000

History

1984-10-25Institution established: Original name:Bay Federal Savings Bank
1986-11-30Changed name to Bay Financial Savings Bank
1986-11-30Changed organization type to STOCK SAVINGS & LOAN
1991-08-29Changed organization type to STOCK SAVINGS BANK
1991-08-29Changed name to Bay Financial Savings Bank, F.S.B.
2008-05-02Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2008-05-02Changed organization type to COMMERCIAL BANK
2008-05-02Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL RESERVE BOARD
2008-05-02Changed name to Progress Bank of Florida
2010-10-22Failed. Acquired with government financial assistance and subsequently operated as part of Bay Cities Bank (35066)
2015-10-01Merged into and subsequently operated as part of Centennial Bank (11241) in CONWAY, AR
2017-02-24Acquired Landmark Bank, National Association (34832) in FORT LAUDERDALE, FL
2017-03-01Acquired The Bank of Commerce (35451) in SARASOTA, FL
2017-09-27Acquired Stonegate Bank (57934) in POMPANO BEACH, FL

Financial Information (2010-09-30 and Older)