FIRST PRIORITY BANK Failed 2008

BRADENTON, FL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

FIRST PRIORITY BANK of BRADENTON, FL was closed on 2008-08-01. The FDIC was named receiver.

Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to SUNTRUST BANK (ATLANTA, GA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3563
FDIC Certificate
57523
FDIC FIN
10010
Bank name
FIRST PRIORITY BANK
Location
BRADENTON, FL
Failure date
2008-08-01
FDIC resolution date
2008-08-01
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Payout / Insured deposits — FDIC paid insured deposits directly to depositors
FDIC DIF cost (est.)
$96M
Deposits at failure
$227M
Assets at failure
$259M
Acquiring bank
SUNTRUST BANK (ATLANTA, GA)