Each depositor insured to at least $250,000 per insured bank

Home > Industry Analysis > Failed Banks > Failed Bank List > Failed Bank Information > Bid Summary

Bid Summary

Riverside Bank of the Gulf Coast
Cape Coral, FL
Closing Date: February 13, 2009

Winning Bidder: TIB Bank, Naples, FL

Winning Bid: All deposits P&A, Deposit Premium 1.3%


No other bids were received


- The winning bidder’s acquisition of all the deposits was the least costly resolution compared to a liquidation alternative. The liquidation alternative was valued using valuation models to estimate the market value of the assets.

Last Updated 03/23/2010 cservicefdicdal@fdic.gov