$299M
total assets, December 31, 2009
Premier American Bank was a state nonmember bank in Miami, FL. It failed on Jan 22, 2010, and Premier American Bank, National Association took over its deposits. At its last report it held $299.2 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2009
This bank failed
- Failed on
- Jan 22, 2010
- Assets
- $299M
- Deposits
- $286M
- Estimated cost
- $84.5M
- Deposits went to
- Premier American Bank, National Association, Miami, FL
Total assets
$299M
-20.3% in a year · -14.7% in a quarter
Deposits
$286M
-10.3% in a year · -12.5% in a quarter
Loans
$281M
-14.0% in a year · -7.6% in a quarter
Profit so far
-$21.3M
Jan 1 to Dec 31, 2009
Capital ratio
0.00%
-6.85 pts in a year
Return on assets
-5.86%
-4.03 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 5301 Blue Lagoon Drive, Suite 200, Miami, FL, 33126
- County
- Miami-Dade
- Established
- Sep 4, 2001
- Failed
- Jan 22, 2010
- Employees
- 71
- Branches
- 4
- Id
- b57147
Quarter by quarter
September 30, 2001 to December 31, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Premier American Bank?
$299.2 million in total assets and $285.6 million in deposits as of December 31, 2009, with assets down 20.3% from a year before. Its loans were $280.5 million.
How many branches does Premier American Bank have?
4 branches in Florida as of June 30, 2026.
Is Premier American Bank profitable?
No: it lost $21.3 million from January 1 to December 31, 2009. Its return on assets was -5.86% a year; about 1% is typical.
When did Premier American Bank fail?
Jan 22, 2010. Premier American Bank, National Association of Miami, FL took over its deposits. The estimated cost of the failure was $84.5 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.