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Failed Coastal Bank of Florida Sold To Premier American Bank

May 7, 2011 By Problem Bank List Staff Leave a Comment

Coastal Bank of Cocoa Beach, Florida, was closed today by the Office of Thrift Supervision.  The FDIC, acting as receiver, sold the failed bank to Premier American Bank, N.A., Miami, Florida, which will assume all deposits of failed Coastal Bank. Coastal Bank had only two branches, both of which will reopen on Monday as branches […]

Filed Under: Bank Failure, Banking News, Failed Banks, featured, problem banks Tagged With: bank failure, Coastal Bank, premier american bank

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