This institution is no longer active

Operations ceased on March 31, 2009. CRA examination history below reflects the period it was active.

CYGNET PRIVATE BANK

JACKSONVILLE, FL · Supervised by FDIC

Est. 2004FDIC #57,653RSSD: FDIC-57653

Part ofFLORIDA BANK GROUP INC→ View all charters

Satisfactory

Current rating · Exam: June 2006

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -6.22%

Institution Profile

FDIC BankFind

Address

135 West Bay Street, JACKSONVILLE, FL

County

Duval County

Established

February 17, 2004

Total Assets

$146M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

June 1, 2006

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 20 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 2008Call Report / FDIC

Total Assets

$146M

Total Deposits

$121M

Net Loans

$116M

Net Income

$-8,660K

ROA

-6.22%

ROE

-40.51%

Risk-Based Capital

12.59%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

This is the only examination on record for this bank.

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