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Wednesday, April 7, 2010 as of 11:14 AM ET

The Peoples Bank

    People's Bank, or variations such as People's State Bank or People's National Bank Building, may refer to:

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    Get updates on The Peoples Bank
    Officials Close Florida Bank; Premier American Takes Deposits

    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 ...

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