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Florida's six-branch First Priority Bank was shuttered August 1, 2008, in what was the eighth U.S. bank failure of the year.CNN Money: Florida bank closed by FDIC (August 1, 2008) First Priority account holders automatically became depositors in Georgia's SunTrust Bank, which assumed partial control of the company in a deal with the FDIC.
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Fast Facts:
- Assets: $259 million
- $13 million of assets not insured by FDIC (Federal Deposit Insurance Corporation)
- FDIC insures accounts up to $100,000
- Account holders with more than $100,000 told to call 1-800-837-0215CNN Money: Florida bank closed by FDIC (August 1, 2008)
- Bank established December 2003
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First Priority Bank Failure Questions
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