COASTAL COMMUNITY BANK Failed 2010
What happened
COASTAL COMMUNITY BANK of PANAMA CITY BEACH, FL was closed on 2010-07-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTENNIAL BANK (CONWAY, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3837
- FDIC Certificate
- 9619
- FDIC FIN
- 10272
- Bank name
- COASTAL COMMUNITY BANK
- Location
- PANAMA CITY BEACH, FL
- Failure date
- 2010-07-30
- FDIC resolution date
- 2010-07-30
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $117M
- Deposits at failure
- $370M
- Assets at failure
- $377M
- Acquiring bank
- CENTENNIAL BANK (CONWAY, AR)
Other banks CENTENNIAL BANK acquired in FDIC resolutions