TellerScore

Bank failure · FL

Peninsula Bank (Englewood, FL) — failed June 25, 2010

Peninsula Bank of Englewood, Florida was closed on June 25, 2010 and resolved through a purchase and assumption. Premier American Bank (FL) took over its insured deposits. At failure it held $630.2M in assets and $580.1M in deposits. The FDIC's estimated loss on the failure is $184.0M (29.2% of assets).

Closing date
June 25, 2010
FDIC certificate #
26563
Resolution
Purchase and assumption (failure)
Acquiring institution
Premier American Bank
Insurance fund
DIF
Pre-failure filings
Last reported financials

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What happens when a bank fails