Bank failure · FL
Coastal Bank (Cocoa Beach, FL) — failed May 6, 2011
Coastal Bank of Cocoa Beach, Florida was closed on May 6, 2011 and resolved through a purchase and assumption. Premier American Bank, National Association (FL) took over its insured deposits. At failure it held $129.4M in assets and $124.0M in deposits. The FDIC's estimated loss on the failure is $18.5M (14.3% of assets).
- Closing date
- May 6, 2011
- FDIC certificate #
- 34898
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Premier American Bank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
Other failures in 2011
- Premier Community Bank of the Emerald Coast FL
- Western National Bank AZ
- Central Progressive Bank LA
- Polk County Bank IA
- Community Bank of Rockmart GA
- Sunfirst Bank UT
- Mid City Bank, Inc. NE
- All American Bank IL
- Community Banks of Colorado CO
- Old Harbor Bank FL
- Community Capital Bank GA
- Decatur First Bank GA
- Piedmont Community Bank GA
- Country Bank IL
- First State Bank NJ
- Blue Ridge Savings Bank, Inc. NC
- The Riverbank MN
- Sun Security Bank MO
- First International Bank TX
- Citizens Bank of Northern California CA
- Bank of the Commonwealth VA
- The First National Bank of Florida FL
- Patriot Bank of Georgia GA
- Creekside Bank GA