Bailout Bank Bio: FPB Bancorp

May 26, 2009 | 2 min read | Print Article

FPB Bancorp, Inc. serves as the bank holding company for First Peoples Bank (the Bank). The Bank offers a range of retail and commercial banking services, including various types of deposit accounts and loans for businesses and consumers. The Bank has five retail full-service banking offices located in Port St. Lucie, Stuart, Palm City (opened in January, 2008) Fort Pierce, and Vero Beach, Florida. Its primary business is attracting deposits from the general public and using those deposits, together with borrowings and other funds, to originate loans and to purchase securities. Its customers are primarily individuals, professionals, small and medium size businesses, and seasonal retirees located in St. Lucie, Martin and Indian River counties, Florida. The company was founded in 1999 and is headquartered in Port St. Lucie, Florida.

In December the company announced it would participate in the Treasury Department’s Capital Purchase Program. Under the program the company received $5.8 million in exchange for preferred stock.

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Bailout Bank Bio: FPB Bancorp


Federal Equity Investment	$5.8 million
Total Revenue	$14.7 million (2008) $14.6 million (2007)
Net Income	-$3.0 million (2008) $177 thousand (2007)
Number of Employees	73
Corporate Headquarters	Port St. Lucie, Florida
Business Sector	Bank
Officers and Directors	Skiles, David, President, Chief Executive Officer,Director Berger, Gary, Chairman of the Board of Company and Bank Other Officers and Directors
Corporate Website	https://www.1stpeoplesbank.com
Executive Compensation	FPB Bancorp