Riverside Bank of the Gulf Coast
Cape Coral, FL · Owner: Riverside Gulf Coast BK Co
$524M
total assets, December 31, 2008
$524M
total assets, December 31, 2008
Riverside Bank of the Gulf Coast was a state member bank in Cape Coral, FL, owned by Riverside Gulf Coast BK Co. It failed on Feb 13, 2009, and Tib Bank took over its deposits. At its last report it held $523.7 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2008
This bank failed
- Failed on
- Feb 13, 2009
- Assets
- $524M
- Deposits
- $423M
- Estimated cost
- $200M
- Deposits went to
- Tib Bank, Naples, FL
Total assets
$524M
-5.6% in a year · -5.5% in a quarter
Deposits
$423M
+0.2% in a year · -4.1% in a quarter
Loans
$374M
-8.0% in a year · -4.9% in a quarter
Profit so far
-$49.2M
Jan 1 to Dec 31, 2008
Capital ratio
1.24%
-6.88 pts in a year
Return on assets
-8.83%
-8.82 pts in a year
Facts
- Type
- State member bank
- Head office
- 2107 Santa Barbara Boulevard, Cape Coral, FL, 33990
- County
- Lee
- Holding company
- Riverside Gulf Coast BK Co
- Established
- Dec 15, 1997
- Failed
- Feb 13, 2009
- Employees
- 125
- Branches
- 13
- Id
- b34563
Quarter by quarter
December 31, 1997 to December 31, 2008
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 Riverside Bank of the Gulf Coast?
$523.7 million in total assets and $422.7 million in deposits as of December 31, 2008, with assets down 5.6% from a year before. Its loans were $373.5 million.
How many branches does Riverside Bank of the Gulf Coast have?
13 branches in Florida as of June 30, 2026.
Is Riverside Bank of the Gulf Coast profitable?
No: it lost $49.2 million from January 1 to December 31, 2008. Its return on assets was -8.83% a year; about 1% is typical.
Who owns Riverside Bank of the Gulf Coast?
Riverside Bank of the Gulf Coast is owned by Riverside Gulf Coast BK Co, its holding company.
When did Riverside Bank of the Gulf Coast fail?
Feb 13, 2009. Tib Bank of Naples, FL took over its deposits. The estimated cost of the failure was $199.8 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.