by Calculated Risk on 12/16/2011 06:23:00 PM

Pay no attention!
Don't look behind the curtain!
Hoped Emerald Coast Bank
by Soylent Green is People
From the FDIC: Summit Bank, National Association, Panama City, Florida, Assumes All of the Deposits of Premier Community Bank of the Emerald Coast, Crestview, Florida

As of September 30, 2011, Premier Community Bank of the Emerald Coast had approximately $126.0 million in total assets and $112.1 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $31.2 million. ... Premier Community Bank of the Emerald Coast is the 91st FDIC-insured institution to fail in the nation this year, and the thirteenth in Florida.

Not so premier ...

Earlier:
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