Centennial Bank Takeover of Coastal Community Bank Official

Many of you remember the emergence of Coastal Community Bank a few years back, during the real estate boom that swept through the Panama City Beach area like a hurricane.  Property values sky-rocketed and prosperity moved over the area like melted chocolate over a fresh red apple.  People were doing great, and banks were cropping up all over the place.  Not all of them would make it, even some of the ones that had been around for decades ended up faltering.  Coastal Community was one of them, but they seem to have been acquired by a good suit.

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