First Priority Bank Failure

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.

Fast Facts:

  1. Assets: $259 million
  2. $13 million of assets not insured by FDIC (Federal Deposit Insurance Corporation)
  3. FDIC insures accounts up to $100,000
  4. Account holders with more than $100,000 told to call 1-800-837-0215CNN Money: Florida bank closed by FDIC (August 1, 2008)
  5. Bank established December 2003

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