Century Bank, a Federal Savings Bank
Sarasota, FL
$756M
total assets, September 30, 2009
$756M
total assets, September 30, 2009
Century Bank, a Federal Savings Bank was a savings bank in Sarasota, FL. It failed on Nov 13, 2009, and Iberiabank took over its deposits. At its last report it held $755.9 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2009
This bank failed
- Failed on
- Nov 13, 2009
- Assets
- $756M
- Deposits
- $660M
- Estimated cost
- $307M
- Deposits went to
- Iberiabank, Lafayette, LA
Total assets
$756M
-18.4% in a year · -10.1% in a quarter
Deposits
$660M
-6.0% in a year · -4.3% in a quarter
Loans
$633M
-20.0% in a year · -8.9% in a quarter
Profit so far
-$94.3M
Jan 1 to Sep 30, 2009
Capital ratio
-5.55%
-10.88 pts in a year
Return on assets
-14.72%
-12.74 pts in a year
Facts
- Type
- Savings bank
- Head office
- 1680 Fruitville Road, Sarasota, FL, 34236
- County
- Sarasota
- Established
- Jan 23, 1985
- Failed
- Nov 13, 2009
- Employees
- 132
- Branches
- 11
- Id
- b32267
Quarter by quarter
June 30, 1985 to September 30, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Century Bank, a Federal Savings Bank?
$755.9 million in total assets and $659.7 million in deposits as of September 30, 2009, with assets down 18.4% from a year before. Its loans were $633.1 million.
How many branches does Century Bank, a Federal Savings Bank have?
11 branches in Florida as of June 30, 2026.
Is Century Bank, a Federal Savings Bank profitable?
No: it lost $94.3 million from January 1 to September 30, 2009. Its return on assets was -14.72% a year; about 1% is typical.
When did Century Bank, a Federal Savings Bank fail?
Nov 13, 2009. Iberiabank of Lafayette, LA took over its deposits. The estimated cost of the failure was $306.9 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.