The Royal Palm Bank of Florida
Naples, FL · Owner: Mercantile Bcorp Inc
$78.8M
total assets, June 30, 2012
$78.8M
total assets, June 30, 2012
The Royal Palm Bank of Florida was a state nonmember bank in Naples, FL, owned by Mercantile Bcorp Inc. It failed on Jul 20, 2012, and First National Bank Of The Gulf Coast took over its deposits. At its last report it held $78.8 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2012
This bank failed
- Failed on
- Jul 20, 2012
- Assets
- $78.8M
- Deposits
- $78.9M
- Estimated cost
- $16.8M
- Deposits went to
- First National Bank Of The Gulf Coast, Naples, FL
Total assets
$78.8M
-26.9% in a year · -9.4% in a quarter
Deposits
$78.9M
-24.1% in a year · -7.3% in a quarter
Loans
$54.1M
-24.4% in a year · -6.1% in a quarter
Profit so far
-$3.0M
Jan 1 to Jun 30, 2012
Capital ratio
-1.17%
-3.69 pts in a year
Return on assets
-7.07%
-3.41 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1255 Creekside Parkway, Naples, FL, 34108
- County
- Collier
- Holding company
- Mercantile Bcorp Inc
- Established
- Dec 17, 2001
- Failed
- Jul 20, 2012
- Employees
- 28
- Branches
- 3
- Id
- b57096
Quarter by quarter
December 31, 2001 to June 30, 2012
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 The Royal Palm Bank of Florida?
$78.8 million in total assets and $78.9 million in deposits as of June 30, 2012, with assets down 26.9% from a year before. Its loans were $54.1 million.
How many branches does The Royal Palm Bank of Florida have?
3 branches in Florida as of June 30, 2026.
Is The Royal Palm Bank of Florida profitable?
No: it lost $3.00 million from January 1 to June 30, 2012. Its return on assets was -7.07% a year; about 1% is typical.
Who owns The Royal Palm Bank of Florida?
The Royal Palm Bank of Florida is owned by Mercantile Bcorp Inc, its holding company.
When did The Royal Palm Bank of Florida fail?
Jul 20, 2012. First National Bank Of The Gulf Coast of Naples, FL took over its deposits. The estimated cost of the failure was $16.8 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.