Bank failure · FL

First Priority Bank (Bradenton, FL) — failed August 1, 2008

First Priority Bank of Bradenton, Florida was closed on August 1, 2008 and resolved through a purchase and assumption (insured deposits). Suntrust Bank (GA) took over its insured deposits. At failure it held $258.6M in assets and $226.7M in deposits. The FDIC's estimated loss on the failure is $95.6M (36.9% of assets).