# COASTAL COMMUNITY BANK

> **Failed bank** · PANAMA CITY BEACH, FL · failed 2010-07-30 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $117M

## What happened

COASTAL COMMUNITY BANK of PANAMA CITY BEACH, FL was closed by regulators 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
- **Estimated FDIC DIF cost:** $117M
- **Deposits at failure:** $370M
- **Assets at failure:** $377M
- **Acquiring bank:** CENTENNIAL BANK (CONWAY, AR)

## Other banks CENTENNIAL BANK has acquired in FDIC resolutions

- HERITAGE BANK OF FLORIDA (LUTZ, FL) — failed 2012-11-02 — /failed-bank/4031
- GULF STATE COMMUNITY BANK (CARRABELLE, FL) — failed 2010-11-19 — /failed-bank/3881
- WAKULLA BANK (CRAWFORDVILLE, FL) — failed 2010-10-01 — /failed-bank/3861
- BAYSIDE SAVINGS BANK (PORT SAINT JOE, FL) — failed 2010-07-30 — /failed-bank/3841
- KEY WEST BANK (KEY WEST, FL) — failed 2010-03-26 — /failed-bank/3772
- OLD SOUTHERN BANK (ORLANDO, FL) — failed 2010-03-12 — /failed-bank/3763

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COASTAL COMMUNITY BANK (FDIC ID 3837), failed 2010-07-30. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/3837.

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