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

Based on fourth-quarter financial reports, only six Florida institutions were rated B (good) or above by Weiss Ratings:

Florida Bank Failures

There 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:

The bank failure map is color-coded, with the states having the greatest number of failures highlighted in dark gray, and states with no failures in light green. By moving your mouse over a state you can see its combined 2008-2011 totals. Then click the state to open a detailed map pinpointing the locations and providing additional information for each bank failure.


--Written by Philip van Doorn in Jupiter, Fla.

>To contact the writer of this article, click here: Philip van Doorn.

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Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.

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