Wednesday, April 7, 2010 as of 11:14 AM ET
Premier American Bank is a United States bank insured by the Federal Deposit Insurance Corporation (FDIC) that is based in Miami, Florida.
Read More at Wikipedia ›Florida regulators shut down First Peoples Bank on Friday, with Miami-based Premier American Bank NA assuming all of the closed bank's deposits.
The latest closure brings the total number of U.S. bank failures so far this year to 54, seven of which have been in Florida. The pace of failures still has slowed from last year, when regulators closed 157 banks.First Peoples is the fourth beneficiary of the Troubled Asset Relief Program to shut down this year, along with One Georgia Bank, which also closed Friday. The Port St. Lucie, Fla.-based bank's holding company received $5.8 million in TARP money in 2008. Overall, 11 TARP recipients have failed so far, and dozens more are considered at risk, according to an analysis by The Wall Street Journal.The Federal Deposit Insurance Corp. said Premier American acquired all the deposits and virtually all of the assets of First Peoples, which operated six branches. First Peoples Bank had total assets of $228.3 million and deposits of $209.7 million ...2010 list of failed banks Failed bank Date closed Estimated cost to DIF ($millions) Earthstar Bank, Southampton, PA 12/10/2010 22.9 Paramount Bank, Farmington Hills,...
This list shows the U.S. banks that have failed since the beginning of the year, and is updated weekly.Most of the banks are acquired, and the cost to the Deposit In...
This list shows the U.S. banks that have failed since the beginning of the year, and is updated weekly.Most of the banks are acquired, and the cost to the Deposit In...
This list shows the U.S. banks that have failed since the beginning of the year.Most of the banks are acquired, and the cost to the Deposit Insurance Fund, or DIF, w...
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