# PREMIER COMMUNITY BANK OF THE EMERALD COAST

> **Failed bank** · CRESTVIEW, FL · failed 2011-12-16 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $25M

## What happened

PREMIER COMMUNITY BANK OF THE EMERALD COAST of CRESTVIEW, FL was closed by regulators 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
- **Estimated FDIC DIF cost:** $25M
- **Deposits at failure:** $112M
- **Assets at failure:** $126M
- **Acquiring bank:** SUMMIT BANK, NATIONAL ASSOCIATION (PANAMA CITY, FL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PREMIER%20COMMUNITY%20BANK%20OF%20THE%20EMERALD%20COAST

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PREMIER COMMUNITY BANK OF THE EMERALD COAST (FDIC ID 3982), failed 2011-12-16. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3982.

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