Bank failure · FL

Peoples First Community Bank (Panama City, FL) — failed December 18, 2009

Peoples First Community Bank of Panama City, Florida was closed on December 18, 2009 and resolved through a purchase and assumption. Hancock Bank (MS) took over its insured deposits. At failure it held $1.8B in assets and $1.7B in deposits. The FDIC's estimated loss on the failure is $597.1M (33.3% of assets).