Bank failure · FL
Premier Community Bank of the Emerald Coast (Crestview, FL) — failed December 16, 2011
Premier Community Bank of the Emerald Coast of Crestview, Florida was closed on December 16, 2011 and resolved through a purchase and assumption. Summit Bank, National Association (FL) took over its insured deposits. At failure it held $126.0M in assets and $112.0M in deposits. The FDIC's estimated loss on the failure is $25.1M (19.9% of assets).
- Closing date
- December 16, 2011
- FDIC certificate #
- 58343
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Summit Bank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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