People's First Board Member Lawsuit Dropped - WMBB News 13 - The Panhandle's News Leader

People's First Board Member Lawsuit Dropped

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The lawsuit against the board of directors for a failed Bay County bank, has been dismissed.

The US District Court of Northern Florida says the Federal Deposit Insurance Corporation or FDIC dropped its suit against former board members of People's First Community Bank.
 
The suit originally claimed negligence regarding lending practices from 2005 until the bank failed in December of 2009. Hancock Bank of Mississippi took over in 2009.

The lawsuit involved Joe Chapman, Henry Clayton Futrell, Phillip Griffitts, John Robert Middlemas, Rodney Morris, Raymond Powell, John Stephen Wilson and Panama City Mayor Greg Brudnicki.