Coastal Bank of Cocoa Beach, Florida shut down by the FDIC. Accounts transferred to Premier American Bank of FL. Depositors must claim FDIC-insured IRA, CD, Savings Accounts and Checking Accounts

	May 6, 2011: Coastal Bank, Cocoa Beach, FL was closed by the Office of Thrift Supervision. The Federal Deposit Insurance Corporation was named receiver. Successor Bank: All deposit accounts have been transferred to Florida Community Bank, a division of Premier American Bank, National Association (N.A.), Miami, Florida Premier American Bank, National Association 5301 Blue Lagoon Drive, Suite 200 Miami, FL 33126 History: Established in 1999 as Coastal Bank ► Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage. ► It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account. ► For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Money and Missing Funds Search
2011 FDIC Insured Failed Banks




Coastal Bank 1701 North Atlantic Avenue Cocoa Beach, FL 32931
Established as Coastal Bank




Cost to FDIC: $ 13 million