On August 1, 2008, First Priority Bank, Bradenton, FL was closed by the Florida Office of Financial Regulation and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.On August 1, 2008, First Priority Bank, Bradenton, FL was closed by the Florida Office of Financial Regulation and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
All insured non-brokered deposit accounts have been transferred to SunTrust Bank based in Atlanta, Georgia ("assuming institution") and will be available immediately. Your bank will re-open on Monday during regular business hours at the former First Priority Bank main office and branch locations.
As announced by Federal Deposit Insurance Corporation
http://www.fdic.gov/bank/individual/failed/firstprioritybank.html
First Priority becomes eighth bank failure this year
http://www.marketwatch.com/news/story/floridas-first-priority-becomes-eighth/story.aspx?guid=%7B58B4CD0A-E519-42C3-BAE3-EB1E73C00FE3%7D&dist=
Bank failures to surge in coming years
http://www.marketwatch.com/News/Story/bank-failures-surge-credit-crunch/story.aspx?guid=%7B2FCA4A0C%2D227D%2D48FE%2DB42C%2D8DDF75D838DA%7D
