Failed Bank List

5 failed banks ยท 2010 to 2011

Failed banks taken over by Premier American Bank, N.A.

Premier American Bank, N.A. of Miami, Florida took over five failed banks between 2010 and 2011, the 13th-highest count among the 318 acquirers of that period. Together they reported $2.1 billion in assets and $2.0 billion in deposits at closing. The largest was Florida Community Bank, at $836 million. All of them were in Florida. Three of the deals came in 2010. The first was Premier American Bank of Miami, on January 22, 2010. The most recent was First Peoples Bank of Port St. Lucie, on July 15, 2011. The FDIC's estimated loss on these failures totals $623 million, a median of 28% of each bank's assets.

Failed banks taken over by Premier American Bank, N.A., by closing date200020052010201520202025Florida Community Bank, 2010-01-29Peninsula Bank, 2010-06-25Premier American Bank, 2010-01-22First Peoples Bank, 2011-07-15Sunshine State Community Bank, 2011-02-11
Each circle is one failed bank, placed at its closing date; area shows total assets.
Every failed bank it took over, in date order
ClosedBankLocationTotal assetsEst. loss
January 22, 2010Premier American BankMiami, FL$299 million$84.5 million
January 29, 2010Florida Community BankImmokalee, FL$836 million$309 million
June 25, 2010Peninsula BankEnglewood, FL$630 million$184 million
February 11, 2011Sunshine State Community BankPort Orange, FL$126 million$32.3 million
July 15, 2011First Peoples BankPort St. Lucie, FL$225 million$13.1 million

The FDIC names the acquirer in each failure record. This page lists what that record shows and says nothing about the acquiring bank today.