Sun American Bank

Status:Inactive as of 03/05/2010
 Absorption - Assisted
Successor Bank:First-Citizens Bank & Trust Company
Headquarters:Sun American Bank
9293 Glades Road
Boca Raton, FL 33434
Established:12/04/1987
FDIC Insurance:12/04/1987
FDIC Cert:#27126
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Total Assets:$535,724,000
Total Deposits:$443,481,000

History

1987-12-04Institution established: Original name:Florida First International Bank
1994-01-25Changed name to Southern Security Bank of Hollywood
1997-11-03Changed name to Southern Security Bank
2001-12-31Acquired Panamerican Bank (26289) in MIAMI, FL
2002-01-18Changed name to PanAmerican Bank
2004-02-18Moved bank headquarters from HOLLYWOOD, FL to MIAMI, FL
2006-01-20Changed name to Sun American Bank
2006-12-30Acquired Beach Bank (35051) in MIAMI BEACH, FL
2006-12-30Moved bank headquarters from MIAMI, FL to BOCA RATON, FL
2007-03-31Acquired Independent Community Bank (34649) in TEQUESTA, FL
2010-03-05Failed. Acquired with government financial assistance and subsequently operated as part of First-Citizens Bank & Trust Company (11063)
2011-01-07Acquired IronStone Bank (34340) in FORT MYERS, FL
2011-01-21Acquired United Western Bank (31293) in DENVER, CO as part of a government assisted transaction.
2011-07-08Acquired Colorado Capital Bank (34522) in CASTLE ROCK, CO as part of a government assisted transaction.
2014-01-01Acquired Mountain 1st Bank & Trust Company (57763) in HENDERSONVILLE, NC
2015-01-01Acquired First Citizens Bank and Trust Company, Inc. (15504) in COLUMBIA, SC
2015-02-13Acquired Capitol City Bank & Trust Company (33938) in ATLANTA, GA as part of a government assisted transaction.
2016-03-11Acquired North Milwaukee State Bank (20364) in MILWAUKEE, WI as part of a government assisted transaction.
2016-05-06Acquired First CornerStone Bank (35312) in KING OF PRUSSIA, PA as part of a government assisted transaction.
2016-09-01Acquired Bank of Virginia (57627) in MIDLOTHIAN, VA
2017-01-13Acquired Harvest Community Bank (34951) in PENNSVILLE, NJ as part of a government assisted transaction.
2017-05-05Acquired Guaranty Bank (30003) in MILWAUKEE, WI as part of a government assisted transaction.
2018-04-30Acquired HomeBanc (58194) in TAMPA, FL
2018-10-02Acquired Securant Bank & Trust (12515) in MENOMONEE FALLS, WI
2018-11-01Acquired Palmetto Heritage Bank & Trust (57880) in PAWLEYS ISLAND, SC
2019-04-01Acquired Biscayne Bank (57973) in COCONUT GROVE, FL
2019-05-01Acquired First South Bank (34222) in SPARTANBURG, SC
2019-12-31Acquired Entegra Bank (31445) in Franklin, NC
2020-02-01Acquired Gwinnett Community Bank (35249) in DULUTH, GA

Financial Information (2009-12-31 and Older)