PREMIER COMMUNITY BANK OF THE EMERALD COAST Failed 2011
What happened
PREMIER COMMUNITY BANK OF THE EMERALD COAST of CRESTVIEW, FL was closed on 2011-12-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SUMMIT BANK, NATIONAL ASSOCIATION (PANAMA CITY, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3982
- FDIC Certificate
- 58343
- FDIC FIN
- 10415
- Bank name
- PREMIER COMMUNITY BANK OF THE EMERALD COAST
- Location
- CRESTVIEW, FL
- Failure date
- 2011-12-16
- FDIC resolution date
- 2011-12-16
- 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.)
- $25M
- Deposits at failure
- $112M
- Assets at failure
- $126M
- Acquiring bank
- SUMMIT BANK, NATIONAL ASSOCIATION (PANAMA CITY, FL)