Friday, May 28, 2010

Rare Event on a Long Weekends: Regulators shut down 3 affiliated banks in Florida; 76 US bank failures this year

Regulators Shut 3 Florida Banks

The Associated Press


Regulators have shut down three affiliated banks in Florida, bringing the number of U.S. bank failures this year to 76.

The Federal Deposit Insurance Corp. on Friday took over the banks, all owned by holding company Bank of Florida Corp. They are: Bank of Florida-Southeast, based in Fort Lauderdale, with $595.3 million in assets; Bank of Florida-Southwest, based in Naples, with $640.9 million in assets; and Bank of Florida-Tampa Bay, based in Tampa, with $245.2 million in assets.
EverBank, based in Jacksonville, Fla., agreed to assume the assets and deposits of the failed banks.