# PEOPLES FIRST COMMUNITY BANK

> **Failed bank** · PANAMA CITY, FL · failed 2009-12-18 · Savings bank · FDIC cost $597M

## What happened

PEOPLES FIRST COMMUNITY BANK of PANAMA CITY, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $597M
- **Deposits at failure:** $1,684M
- **Assets at failure:** $1,795M
- **Acquiring bank:** HANCOCK BANK (GULFPORT, MS)

## Other banks HANCOCK BANK has acquired in FDIC resolutions

- GUARANTY NATIONAL BANK (TALLAHASSEE, FL) — failed 2004-03-12 — /failed-bank/3550
- PEOPLES FEDERAL SAVINGS BANK (BAY ST. LOUIS, MS) — failed 1991-02-08 — /failed-bank/3014

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PEOPLES%20FIRST%20COMMUNITY%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PEOPLES FIRST COMMUNITY BANK (FDIC ID 3731), failed 2009-12-18. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/3731.

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