# CORTEZ COMMUNITY  BANK

> **Failed bank** · BROOKSVILLE, FL · failed 2011-04-29 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $17M

## What happened

CORTEZ COMMUNITY  BANK of BROOKSVILLE, FL was closed by regulators on **2011-04-29**. 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:** 3928
- **FDIC Certificate:** 57625
- **FDIC FIN:** 10360
- **Bank name:** CORTEZ COMMUNITY  BANK
- **Location:** BROOKSVILLE, FL
- **Failure date:** 2011-04-29
- **FDIC resolution date:** 2011-04-29
- **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:** $17M
- **Deposits at failure:** $65M
- **Assets at failure:** $66M
- **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
- FIRST NATIONAL BANK OF CENTRAL FLORIDA (WINTER PARK, FL) — failed 2011-04-29 — /failed-bank/3926
- SUNSHINE STATE COMMUNITY BANK (PORT ORANGE, FL) — failed 2011-02-11 — /failed-bank/3908
- 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=CORTEZ%20COMMUNITY%20%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CORTEZ COMMUNITY  BANK (FDIC ID 3928), failed 2011-04-29. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3928.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*