Data / Bank failures / 2012 / First Guaranty Bank and Trust Company of Jacksonville
First Guaranty Bank and Trust Company of Jacksonville, Jacksonville, FL: failed January 27, 2012
First Guaranty Bank and Trust Company of Jacksonville in Jacksonville, Florida, failed on January 27, 2012. Centerstate Bank of Florida, National Association of Winter Haven, FL, took over its deposits. It held $397.1 million in assets and $378.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $54.4 million (13.7% of its assets). By assets it was the 10th largest of 51 banks closed or assisted in 2012.
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The FDIC's record
- Closed
- January 27, 2012
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Centerstate Bank of Florida, National Association, Winter Haven, FL
- Total assets
- $397,082,000
- Total deposits
- $378,309,000
- Estimated cost to the FDIC
- $54,383,489 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 16579
Other bank failures in Florida, 2010 to 2014
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Valley Bank | Fort Lauderdale | June 20, 2014 | $81.8 million | $66.5 million | $5.4 million | Landmark Bank, National Association |
| Bank of Jackson County | Graceville | October 30, 2013 | $24.7 million | $24.6 million | $5.8 million | First Federal Bank of Florida |
| First Community Bank of Southwest Florida | Fort Myers | August 2, 2013 | $247.3 million | $243.6 million | $24.9 million | C1 Bank |
| Chipola Community Bank | Marianna | April 19, 2013 | $37.5 million | $37.1 million | $7.9 million | First Federal Bank of Florida |
| Heritage Bank of North Florida | Orange Park | April 19, 2013 | $104 million | $106.3 million | $25.2 million | Firstatlantic Bank |
| Heritage Bank of Florida | Lutz | November 2, 2012 | $225.5 million | $223.3 million | $73.8 million | Centennial Bank |
| Gulfsouth Private Bank | Destin | October 19, 2012 | $139.4 million | $131.6 million | $40.3 million | Smartbank |
| First East Side Savings Bank | Tamarac | October 19, 2012 | $65.7 million | $64.9 million | $12.4 million | Stearns Bank National Association |
Other failed banks Centerstate Bank of Florida, National Association took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Central Florida State Bank | Belleview | FL | January 20, 2012 | $71.5 million | $71.1 million | $13.7 million | Centerstate Bank of Florida, National Association |
| Independent National Bank | Ocala | FL | August 20, 2010 | $156.2 million | $141.9 million | $12 million | Centerstate Bank of Florida, National Association |
| Community National Bank at Bartow | Bartow | FL | August 20, 2010 | $67.9 million | $63.7 million | $9.2 million | Centerstate Bank of Florida, National Association |
| Olde Cypress Community Bank | Clewiston | FL | July 16, 2010 | $161.4 million | $158 million | $25.5 million | Centerstate Bank of Florida, National Association |
All bank failures in 2012 · All bank failures in Florida · Every failed bank Centerstate Bank of Florida, National Association took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.