Data / Bank failures / 2012 / Heritage Bank of Florida
Heritage Bank of Florida, Lutz, FL: failed November 2, 2012
Heritage Bank of Florida in Lutz, Florida, failed on November 2, 2012. Centennial Bank of Conway, AR, took over its deposits. It held $225.5 million in assets and $223.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $73.8 million (32.7% of its assets). By assets it was the 16th largest of 51 banks closed or assisted in 2012.
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The FDIC's record
- Closed
- November 2, 2012
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Centennial Bank, Conway, AR
- Total assets
- $225,477,000
- Total deposits
- $223,309,000
- Estimated cost to the FDIC
- $73,810,965 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 35009
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 |
| 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 |
| The Royal Palm Bank of Florida | Naples | July 20, 2012 | $78.8 million | $78.9 million | $16.8 million | First National Bank of the Gulf Coast |
Other failed banks Centennial Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Gulf State Community Bank | Carrabelle | FL | November 19, 2010 | $112.1 million | $112.2 million | $44.4 million | Centennial Bank |
| Wakulla Bank | Crawfordville | FL | October 1, 2010 | $402.2 million | $367.2 million | $119.9 million | Centennial Bank |
| Bayside Savings Bank | Port Saint Joe | FL | July 30, 2010 | $64.3 million | $52.7 million | $12.5 million | Centennial Bank |
| Coastal Community Bank | Panama City Beach | FL | July 30, 2010 | $377.5 million | $370 million | $116.9 million | Centennial Bank |
| Key West Bank | Key West | FL | March 26, 2010 | $88 million | $67.7 million | $16.2 million | Centennial Bank |
| Old Southern Bank | Orlando | FL | March 12, 2010 | $336.4 million | $319.7 million | $76.5 million | Centennial Bank |
All bank failures in 2012 · All bank failures in Florida · Every failed bank Centennial Bank 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.