Premier American Bank Explained

Premier American Bank
Fate:	Closed by the Florida Office of Financial Regulation
Successor:	Florida Community Bank
Location City:	Miami, Florida
Location Country:	United States
Area Served:	Florida
Industry:	Banking Financial services

Premier American Bank was an American bank that operated in Miami, Florida until it was closed by the Florida Office of Financial Regulation on January 22, 2010.^[1] It had provided consumer and business banking services to communities throughout Florida.

The Federal Deposit Insurance Corporation (FDIC) assumed control, then entered into a purchase and assumptions agreement with Bond Street Holding.^[2]

The remaining operations of the bank changed its name to Florida Community Bank in July 2011.^[3]

History

In July 2011, the bank changed its name to Florida Community Bank N.A.

Notes and References

1. Web site: Layden. Laura. Banks fell in the Great Recession, but they're stronger now. 2021-09-29. Naples News. en-US.
2. Web site: Premier American Bank, Miami, Florida, National Association, Assumes All of the Deposits of Premier American Bank, Miami, Florida . January 22, 2010 . 2021-09-29 . www.fdic.gov.
3. Web site: Premier American Bank plans name change to Florida Community Bank . 2021-09-29. www.bizjournals.com.