PEOPLES FIRST COMMUNITY BANK Failed 2009
What happened
PEOPLES FIRST COMMUNITY BANK of PANAMA CITY, FL was closed on 2009-12-18. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HANCOCK BANK (GULFPORT, MS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3731
- FDIC Certificate
- 32167
- FDIC FIN
- 10165
- Bank name
- PEOPLES FIRST COMMUNITY BANK
- Location
- PANAMA CITY, FL
- Failure date
- 2009-12-18
- FDIC resolution date
- 2009-12-18
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $597M
- Deposits at failure
- $1,684M
- Assets at failure
- $1,795M
- Acquiring bank
- HANCOCK BANK (GULFPORT, MS)
Other banks HANCOCK BANK acquired in FDIC resolutions