Four Banks Fail In Georgia, Florida and Arizona

July 15 – Regulators closed four banks today in Georgia, Florida and Arizona, bringing the total number of bank failures this year to 55. The total assets of the four failed banks amounted to $679 million and the cost to the FDIC Deposit Insurance Fund was estimated at $129.1 million. The four failed banks this […]

First Peoples Bank, Port Saint Lucie, FL, Closed By Regulators

First Peoples Bank of Port Saint Lucie, Florida, was closed today by the Florida Office of Financial Regulation.  The FDIC, acting as receiver, sold the failed bank to Premier American Bank, N.A., Miami, Florida. First Peoples was a relatively new bank that first opened for business in 1999, promising a “customer driven, community oriented approach” […]