Bank failure · FL

First Peoples Bank (Port Saint Lucie, FL) — failed July 15, 2011

First Peoples Bank of Port Saint Lucie, Florida was closed on July 15, 2011 and resolved through a purchase and assumption. Premier American Bank, National Association (FL) took over its insured deposits. At failure it held $225.0M in assets and $207.6M in deposits. The FDIC's estimated loss on the failure is $13.1M (5.8% of assets).