Partners Bank, Naples, Florida, was closed October 23, 2009 by the Office of Thrift Supervision, which appointed the FDIC as receiver. Stonegate Bank, Fort Lauderdale, Florida will assume all of the deposits of Partners Bank.

Partners Bank had total assets of $65.5 million and total deposits of approximately $64.9 million. Stonegate Bank did not pay the FDIC a premium for the deposits of Partners Bank.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $28.6 million.

Partners Bank is the 100th FDIC-insured bank failure in the Nation this year, and the seventh in Florida.

Cert # 57959

Sinclair Noe

Bank-o-meter.com

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