The bank went on to acquire seven more failed Florida banks, and after its most recent acquisition of the failed First Peoples Bank of Port Saint Lucie, Premier American Bank NA was renamed Florida Community Bank.
Strongest Florida Banks and Thrifts
Florida Bank FailuresThere have been 11 bank failures in Florida so far this year, with the pace picking up recently, as there have been five bank closures in the state during the third quarter. Georgia leads all states with 19 failures in 2011. There have been seven failures in Illinois so far this year. There have been 73 bank failures across the nation so far during 2011, following 157 during 2010. All bank and thrift closures since the beginning of 2008 are detailed in TheStreet's interactive bank failure map:
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