$178M
total assets, September 30, 2009
Flagship National Bank was a national bank in Bradenton, FL. It failed on Oct 23, 2009, and First Federal Bank Of Florida took over its deposits. At its last report it held $177.6 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2009
This bank failed
- Failed on
- Oct 23, 2009
- Assets
- $178M
- Deposits
- $170M
- Estimated cost
- $62.1M
- Deposits went to
- First Federal Bank Of Florida, Lake City, FL
Total assets
$178M
-23.0% in a year · -8.5% in a quarter
Deposits
$170M
-17.3% in a year · -4.9% in a quarter
Loans
$121M
-21.9% in a year · -8.7% in a quarter
Profit so far
-$18.0M
Jan 1 to Sep 30, 2009
Capital ratio
-1.87%
-7.78 pts in a year
Return on assets
-12.30%
-10.47 pts in a year
Facts
- Type
- National bank
- Head office
- 6004 26th Street West, Bradenton, FL, 34207
- County
- Manatee
- Established
- May 18, 1999
- Failed
- Oct 23, 2009
- Employees
- 33
- Branches
- 4
- Id
- b35044
Quarter by quarter
June 30, 1999 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 Flagship National Bank?
$177.6 million in total assets and $170.1 million in deposits as of September 30, 2009, with assets down 23.0% from a year before. Its loans were $120.6 million.
How many branches does Flagship National Bank have?
4 branches in Florida as of June 30, 2026.
Is Flagship National Bank profitable?
No: it lost $18.0 million from January 1 to September 30, 2009. Its return on assets was -12.30% a year; about 1% is typical.
When did Flagship National Bank fail?
Oct 23, 2009. First Federal Bank Of Florida of Lake City, FL took over its deposits. The estimated cost of the failure was $62.1 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.