2008 FDIC Insured Failed Banks |
August 1, 2008: First Priority Bank, Bradenton, FL was closed by the Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. As of June 30 2008, First Priority had total assets of $259 million and total deposits of $227 million Successor Bank: All deposit accounts, including brokered deposits, have been transferred to SunTrust Bank. SunTrust 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 Account Search |
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First Priority
Bank 4702 Cortez Road West Bradenton, FL 34207 |
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Established in 2003 | ||
Cost to FDIC: $72 million |
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