Data / Bank failures / 2011 / Premier Community Bank of the Emerald Coast
Premier Community Bank of the Emerald Coast, Crestview, FL: failed December 16, 2011
Premier Community Bank of the Emerald Coast in Crestview, Florida, failed on December 16, 2011. Summit Bank, National Association of Panama City, FL, took over its deposits. It held $126 million in assets and $112.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $25.1 million (19.9% of its assets). By assets it was the 68th largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- December 16, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Summit Bank, National Association, Panama City, FL
- Total assets
- $125,976,000
- Total deposits
- $112,050,000
- Estimated cost to the FDIC
- $25,065,124 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 58343
Other bank failures in Florida, 2009 to 2013
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Bank of Jackson County | Graceville | October 30, 2013 | $24.7 million | $24.6 million | $5.8 million | First Federal Bank of Florida |
| First Community Bank of Southwest Florida | Fort Myers | August 2, 2013 | $247.3 million | $243.6 million | $24.9 million | C1 Bank |
| Chipola Community Bank | Marianna | April 19, 2013 | $37.5 million | $37.1 million | $7.9 million | First Federal Bank of Florida |
| Heritage Bank of North Florida | Orange Park | April 19, 2013 | $104 million | $106.3 million | $25.2 million | Firstatlantic Bank |
| Heritage Bank of Florida | Lutz | November 2, 2012 | $225.5 million | $223.3 million | $73.8 million | Centennial Bank |
| Gulfsouth Private Bank | Destin | October 19, 2012 | $139.4 million | $131.6 million | $40.3 million | Smartbank |
| First East Side Savings Bank | Tamarac | October 19, 2012 | $65.7 million | $64.9 million | $12.4 million | Stearns Bank National Association |
| The Royal Palm Bank of Florida | Naples | July 20, 2012 | $78.8 million | $78.9 million | $16.8 million | First National Bank of the Gulf Coast |
All bank failures in 2011 · All bank failures in Florida · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.