Failed Bank Information for Riverside Bank of the Gulf Coast, Cape Coral, FL
On Friday, February 13, 2009, Riverside Bank of the Gulf Coast was closed by the Florida Office of Financial Regulation. The FDIC was named Receiver. TIB Bank, Naples, FL acquired all deposit accounts.
The FDIC as Receiver for Riverside Bank of the Gulf Coast, Cape Coral, FL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on August 11, 2022 and has made all dividend distributions required by law.
Effective April 1, 2023, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: April 1, 2023
Publication Date: August 11, 2022
Report on dividends paid
Official press release
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: TIB BANK
About TIB Bank
All non-brokered were transferred to TIB Bank, Naples, FL ("assuming institution"). Former Riverside Bank of the Gulf Coast locations reopened as branches of TIB Bank.
Your transferred deposits were separately insured from any accounts you may have already had at TIB Bank for at least six months after the failure of Riverside Bank of the Gulf Coast.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with TIB Bank as long as the deposits are not pledged as collateral for loans.
Contacting TIB Bank
TIB Bank has changed its legal name and is currently doing business as First Horizon Bank.
You can contact First Horizon Bank:
First Horizon Bank
165 Madison Ave
Memphis, TN 38103
First Horizon Bank (www.firsthorizon.com)
Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank