SUNSHINE STATE COMMUNITY BANK Failed 2011
What happened
SUNSHINE STATE COMMUNITY BANK of PORT ORANGE, FL was closed on 2011-02-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PREMIER AMERICAN BANK, NATIONAL ASSOCIATION (MIAMI, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3908
- FDIC Certificate
- 35478
- FDIC FIN
- 10342
- Bank name
- SUNSHINE STATE COMMUNITY BANK
- Location
- PORT ORANGE, FL
- Failure date
- 2011-02-11
- FDIC resolution date
- 2011-02-11
- 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.)
- $32M
- Deposits at failure
- $117M
- Assets at failure
- $126M
- Acquiring bank
- PREMIER AMERICAN BANK, NATIONAL ASSOCIATION (MIAMI, FL)
Other banks PREMIER AMERICAN BANK, NATIONAL ASSOCIATION acquired in FDIC resolutions