Progress Bank of Florida
Tampa, FL · Owner: Fa Capital LLC
$94.8M
total assets, September 30, 2010
$94.8M
total assets, September 30, 2010
Progress Bank of Florida was a state member bank in Tampa, FL, owned by Fa Capital LLC. It failed on Oct 22, 2010, and Bay Cities Bank took over its deposits. At its last report it held $94.8 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2010
This bank failed
- Failed on
- Oct 22, 2010
- Assets
- $94.8M
- Deposits
- $86.9M
- Estimated cost
- $34.6M
- Deposits went to
- Bay Cities Bank, Tampa, FL
Total assets
$94.8M
-24.7% in a year · -14.3% in a quarter
Deposits
$86.9M
-19.3% in a year · -14.2% in a quarter
Loans
$81.0M
-24.8% in a year · -7.1% in a quarter
Profit so far
-$3.1M
Jan 1 to Sep 30, 2010
Capital ratio
0.34%
-6.91 pts in a year
Return on assets
-3.69%
-2.02 pts in a year
Facts
- Type
- State member bank
- Head office
- 5537 Sheldon Road, Suite D, Tampa, FL, 33615
- County
- Hillsborough
- Holding company
- Fa Capital LLC
- Established
- Oct 25, 1984
- Failed
- Oct 22, 2010
- Employees
- 17
- Branches
- 3
- Id
- b32251
Quarter by quarter
March 31, 1985 to September 30, 2010
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 Progress Bank of Florida?
$94.8 million in total assets and $86.9 million in deposits as of September 30, 2010, with assets down 24.7% from a year before. Its loans were $81.0 million.
How many branches does Progress Bank of Florida have?
3 branches in Florida as of June 30, 2026.
Is Progress Bank of Florida profitable?
No: it lost $3.08 million from January 1 to September 30, 2010. Its return on assets was -3.69% a year; about 1% is typical.
Who owns Progress Bank of Florida?
Progress Bank of Florida is owned by Fa Capital LLC, its holding company.
When did Progress Bank of Florida fail?
Oct 22, 2010. Bay Cities Bank of Tampa, FL took over its deposits. The estimated cost of the failure was $34.6 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.