# COASTAL BANK

> **Failed bank** · COCOA BEACH, FL · failed 2011-05-06 · Savings bank · FDIC cost $19M

## What happened

COASTAL BANK of COCOA BEACH, FL was closed by state regulators on **2011-05-06**. 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:** 3930
- **FDIC Certificate:** 34898
- **FDIC FIN:** 10364
- **Bank name:** COASTAL BANK
- **Location:** COCOA BEACH, FL
- **Failure date:** 2011-05-06
- **FDIC resolution date:** 2011-05-06
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $19M
- **Deposits at failure:** $124M
- **Assets at failure:** $129M
- **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
- 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
- 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=COASTAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COASTAL BANK (FDIC ID 3930), failed 2011-05-06. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3930.

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