Commerce Bank of Southwest Florida fails
SAN FRANCISCO (MarketWatch) -- Commerce Bank of Southwest Florida in Fort Myers, Florida was closed by financial regulators on Friday, becoming the 124th bank to fail in 2009 and the 12th in the state of Florida. However, the holding company, Florida Commerce Bancorp, was not included in the closing of the bank or the resulting receivership. All deposit accounts, excluding certain brokered deposits, have been transferred to Central Bank of Stillwater, Minnesota.
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Tags: Brokered Deposits, Commerce Bancorp, Commerce Bank, Financial Regulators, Florida Commerce, Fort Myers, Holding Company, Marketwatch, Myers Florida, Receivership, San Francisco, Southwest Florida, State Florida, State Of Florida, Stillwater Minnesota