The Graveyard › Banks › 2009
Peoples First Community Bank
Panama City, FL · failed December 18, 2009 · FDIC certificate 32167
Peoples First Community Bank of Panama City, FL failed on December 18, 2009. It opened on July 21, 1983, 26 years before. At its last report before that it held $1.8 billion in assets and $1.7 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2009, it held $2.1 billion. The FDIC estimates that the Deposit Insurance Fund lost $597.1 million on it.
1984-032009-09
Assets at the end$1.8 billionlast report before December 18, 2009
Deposits at the end$1.7 billion
Estimated loss to the fund$597.1 millionDIF
Largest in the quarterly reports$2.1 billionMarch 31, 2009
Equity to assets1.0%September 30, 2009
Loans not being repaid16.4%noncurrent, September 30, 2009
Return on assets-9.46%a year's rate, September 30, 2009
Staff375full time, September 30, 2009
Also ended in 2009
- Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
- FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
- Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
- Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
- Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
- Bank of America Rhode Island N.A. · Providence · $35.4 billion in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.