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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Failed Bank Information for Premier Community Bank of the Emerald Coast, Crestview, FL

On Friday, December 16, 2011, Premier Community Bank of the Emerald Coast was closed by the Florida Office of Financial Regulation. The FDIC was named Receiver. Summit Bank, National Association (N.A.), Panama City, FL acquired all deposit accounts.

The FDIC as Receiver for Premier Community Bank of the Emerald Coast, Crestview, FL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on August 8, 2017 and has made all dividend distributions required by law.

Effective December 1, 2017, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: December 1, 2017


Notice of Intent to Terminate

Publication Date: August 8, 2017

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: SUMMIT BANK, NA

About Summit Bank, NA

All deposit accounts, including brokered deposits, were transferred to Summit Bank, National Association (N.A.), Panama City, FL ("assuming institution"). Former Premier Community Bank of the Emerald Coast locations reopened as branches of Summit Bank, NA.

Your transferred deposits were separately insured from any accounts you may have already had at Summit Bank, NA for at least six months after the failure of Premier Community Bank of the Emerald Coast.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Summit Bank, NA as long as the deposits are not pledged as collateral for loans.

Contacting Summit Bank, NA

You can contact Summit Bank, NA:

Summit Bank, NA
101 West 23rd Street
Panama City,FL 32405

Summit Bank, NA (www.summit.bank)

Transaction Documentation

Purchase & Assumption Agreement - PDF (11 Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

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