Sterling Bank

Status:Inactive as of 07/23/2010
 Absorption - Assisted
Successor Bank:Iberiabank
Headquarters:Sterling Bank
1189 Hypoluxo Road
Lake Worth, FL 33462
Established:05/01/1987
FDIC Insurance:05/01/1987
FDIC Cert:#32536
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Total Assets:$354,966,000
Total Deposits:$329,541,000

History

1987-05-01Institution established: Original name:Sterling Savings Bank
1993-07-01Changed organization type to STOCK SAVINGS BANK
1993-07-01Changed name to Sterling Bank, F.S.B.
1998-01-19Moved bank headquarters from WEST PALM BEACH, FL to LANTANA, FL
2004-01-05Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2004-01-05Changed name to Sterling Bank
2004-01-05Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
2004-04-01Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2004-04-01Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
2010-07-23Failed. Acquired with government financial assistance and subsequently operated as part of Iberiabank (28100)
2011-01-01Acquired IBERIABANK fsb (33538) in LITTLE ROCK, AR
2011-06-01Acquired Cameron State Bank (19541) in LAKE CHARLES, LA
2011-06-01Acquired Omni Bank (27397) in METAIRIE, LA
2012-08-01Acquired Florida Gulf Bank (57085) in FORT MYERS, FL
2014-06-01Acquired Teche Federal Bank (29028) in NEW IBERIA, LA
2014-07-01Acquired First Private Bank of Texas (58497) in DALLAS, TX
2015-03-01Acquired Florida Bank (26280) in TAMPA, FL
2015-04-01Acquired Old Florida Bank (24244) in ORLANDO, FL
2015-04-01Acquired New Traditions Bank (58822) in Orlando, FL
2015-06-01Acquired Georgia Commerce Bank (57521) in ATLANTA, GA
2017-08-01Acquired Sabadell United Bank, National Association (21837) in MIAMI, FL
2018-03-24Acquired Gibraltar Private Bank & Trust Co. (32212) in CORAL GABLES, FL
2020-07-02Merged into and subsequently operated as part of First Horizon Bank (4977) in MEMPHIS, TN

Financial Information (2010-06-30 and Older)