Community National Bank of Sarasota County
Venice, FL · Owner: Community NB Corp Esop
$92.5M
total assets, June 30, 2009
$92.5M
total assets, June 30, 2009
Community National Bank of Sarasota County was a national bank in Venice, FL, owned by Community NB Corp Esop. It failed on Aug 7, 2009, and Stearns Bank, National Association took over its deposits. At its last report it held $92.5 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2009
This bank failed
- Failed on
- Aug 7, 2009
- Assets
- $92.5M
- Deposits
- $92.4M
- Estimated cost
- $25.4M
- Deposits went to
- Stearns Bank, National Association, ST. Cloud, MN
Total assets
$92.5M
-10.4% in a year · -3.2% in a quarter
Deposits
$92.4M
-0.8% in a year · -0.2% in a quarter
Loans
$77.2M
-14.0% in a year · -3.8% in a quarter
Profit so far
-$9.2M
Jan 1 to Jun 30, 2009
Capital ratio
-0.88%
-8.30 pts in a year
Return on assets
-19.12%
-17.29 pts in a year
Facts
- Type
- National bank
- Head office
- 201 Center Road, Venice, FL, 34285
- County
- Sarasota
- Holding company
- Community NB Corp Esop
- Established
- Feb 16, 1988
- Failed
- Aug 7, 2009
- Employees
- 32
- Branches
- 4
- Id
- b27183
Quarter by quarter
March 31, 1988 to June 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 Community National Bank of Sarasota County?
$92.5 million in total assets and $92.4 million in deposits as of June 30, 2009, with assets down 10.4% from a year before. Its loans were $77.2 million.
How many branches does Community National Bank of Sarasota County have?
4 branches in Florida as of June 30, 2026.
Is Community National Bank of Sarasota County profitable?
No: it lost $9.18 million from January 1 to June 30, 2009. Its return on assets was -19.12% a year; about 1% is typical.
Who owns Community National Bank of Sarasota County?
Community National Bank of Sarasota County is owned by Community NB Corp Esop, its holding company.
When did Community National Bank of Sarasota County fail?
Aug 7, 2009. Stearns Bank, National Association of ST. Cloud, MN took over its deposits. The estimated cost of the failure was $25.4 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.