Bank failure · FL
Coastal Community Bank (Panama City Beach, FL) — failed July 30, 2010
Coastal Community Bank of Panama City Beach, Florida was closed on July 30, 2010 and resolved through a purchase and assumption. Centennial Bank (AR) took over its insured deposits. At failure it held $377.5M in assets and $370.0M in deposits. The FDIC's estimated loss on the failure is $116.9M (31.0% of assets).
- Closing date
- July 30, 2010
- FDIC certificate #
- 9619
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Centennial Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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