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Dec. 16, 2011, 6:57 p.m. EST Premier Community Bank is year's 91st failure Stories You Might Like
By Anthony Lazarus
SAN FRANCISCO (MarketWatch) -- Premier Community Bank of the Emerald Coast in Crestview, Fla., was closed by regulators Friday in the 91st bank failure of 2011, the Federal Deposit Insurance Corp. said. Summit Bank of Panama City, Fla., has agreed to purchase its assets will assume all deposits. Premier Community Bank had $126 million in assets and $112.1 million in deposits, according to the FDIC. The cost to the agency's deposit-insurance fund will be $31.2 million.
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