What about my account with Florida Community Bank?
If you had an account with Florida Community Bank, you now have an account
with Premier American Bank, N.A., operating all branches of Florida Community
Bank under their former name. All deposit accounts, excluding the Cede & Co.
brokered deposits, have been assumed by Premier American Bank, N.A.
which include checking, savings, money market, CDs and retirement accounts,
have been transferred
to Premier American Bank, N.A., regardless of the dollar amount. No one lost
any money on deposit in Florida Community Bank.
Customers should continue to use their existing branches.
To forewarn you of any scams, please be advised that you will not receive any
notification from the FDIC, the Receiver, or Premier American Bank, N.A. to
provide any private information. Please be watchful for and resist any such
scams to obtain information from you by individuals or entities purporting
to act on behalf of Florida Community Bank, Premier American Bank, N.A., or
ATM/debit card and/or Billpay:
What about my ATM/debit card and/or bill paying with Florida Community
Your ATM/debit card will continue to work, and bill paying will work as
it has in the past.
I am a deposit broker or have brokered deposits. What do I do?
As an All-Deposit Transfer transaction, the total of
all deposit accounts, excluding the Cede & Co. brokered deposits have
been assumed by Premier American Bank, N.A. The FDIC retained
the Cede & Co.
brokered deposits and will pay those accounts off directly.
Be advised, however, that from and after the date of closing,
Premier American Bank, N.A. will accrue and pay interest on deposit liabilities
at a rate it shall determine; accordingly, Premier American Bank, N.A.
shall permit depositors, including brokered depositors, impacted by reduced
rates to withdraw their deposits without penalty for early withdrawal.
If you are a customer who has a Florida Community Bank deposit
through a broker, you must contact your broker with any questions.
Direct Deposits - Government Deposits:
What will happen to my direct deposits?
Direct Deposits, including Social Security checks, will continue as normal.
Interest Rates, Early Withdrawal Penalty:
Will I continue to earn interest at the same rate? Will I be charged an early withdrawal penalty?
Interest on all deposits accrued through Friday, January 29, 2010, will
be paid at your same rate. Premier American Bank, N.A. will review rates
and notify you if interest rates will change. Your interest rate may be
You may withdraw funds from any transferred account without an early withdrawal
penalty until you enter into a new deposit agreement with your new bank. Entering
into a new deposit agreement can be done by either renewing your CD or making
a deposit to or a withdrawal from your account.
What about my loan or mortgage with Florida Community Bank?
Certain mortgages and loans have been assumed by Premier American Bank,
N.A. Your payment amount and due date are the same. If you
are having your payment deducted from your account, it will continue as
it has in
the past. You should continue to make your checks payable to
Florida Community Bank and send your payments to the same address.
Loans in Process:
What happens if I had a loan in process that had not closed or a line of credit not fully funded?
You should contact your loan officer. All prior contacts remain the same.
Media: I represent a TV/Newspaper/Radio and would like some information.
Please contact the Office of Public Affairs:
What about checks that I have written on my account with Florida Community
Your checks will clear up to the available balance in your account. You
can continue to use your existing checks.
Safe Deposit Boxes:
How can I claim the contents of my safe deposit box?
It is business as usual. You can go to your local branch and access your
safe deposit box; however, no action on your part is required because of this transaction.
What about my shares of stock?
All shares of Florida Community Bank were owned by its holding company,
Florida Community Banks,
Inc., Immokalee, Florida. The holding company
was not included in the closing of the bank or the resulting
you are a shareholder of Florida Community Banks, Inc. please
do not contact or file a claim with the Receiver. You may contact
Florida Community Banks,
Inc. directly for information as follows:
|Florida Community Banks, Inc.
1400 North 15th Street
Immokalee, FL 34142
Why do all deposits, insured or not, pass in some transactions but not in others?
The FDIC is required by law to employ the least-cost resolution measure for each failed financial institution. The most frequent result had been for the FDIC to transfer only the insured deposits in a Purchase and Assumption transaction; however, the temporary increase in the deposit insurance limit has assisted in the transfer of all deposits more often in the past year.
I did some work for the bank and have not been paid. What should I do?
All claims against Florida Community Bank, together with proof of the
claims, must be submitted in writing to the Receiver at the following address:
|Federal Deposit Insurance Corporation
Receiver: Florida Community Bank
1601 Bryan Street
Dallas, TX 75201-3430
Attention: Claims Agent