Coastal Community Bank Taken over by FDIC

Friday at 5:01 pm cst, Coastal Community Bank in Panama City Beach was taken over by the Federal Deposit Insurance Corp. (FDIC).  All Coastal Community branches will be taken over and operated by Arkansas-based Centennial Bank.  This seizure comes just more than 6 months after the area’s largest local bank, Peoples First, was taken over and redistributed by the FDIC.

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