# SUNSHINE STATE COMMUNITY BANK

> **Failed bank** · PORT ORANGE, FL · failed 2011-02-11 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $32M

## What happened

SUNSHINE STATE COMMUNITY BANK of PORT ORANGE, FL was closed by regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- FIRST PEOPLES BANK (PORT SAINT LUCIE, FL) — failed 2011-07-15 — /failed-bank/3943
- COASTAL BANK (COCOA BEACH, FL) — failed 2011-05-06 — /failed-bank/3930
- CORTEZ COMMUNITY  BANK (BROOKSVILLE, FL) — failed 2011-04-29 — /failed-bank/3928
- FIRST NATIONAL BANK OF CENTRAL FLORIDA (WINTER PARK, FL) — failed 2011-04-29 — /failed-bank/3926
- FLORIDA COMMUNITY BANK (IMMOKALEE, FL) — failed 2010-01-29 — /failed-bank/3743
- PREMIER AMERICAN BANK (MIAMI, FL) — failed 2010-01-22 — /failed-bank/3742

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SUNSHINE STATE COMMUNITY BANK (FDIC ID 3908), failed 2011-02-11. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3908.

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