Regulators warn WPB bank Nov 20, 2009
Eleven Florida banks have failed this year. Georgia leads in the nation with 21 bank failures. (The Palm Beach Post)
IberiaBank gets two more failed Florida banks Nov 17, 2009
A Louisiana bank that entered the Jacksonville market earlier this year has acquired two more failing Florida banks. IberiaBank of Lafayette, La. (Jacksonville Business Journal, FL)
Regulators Shut 2 Banks in Fla., 1 in Calif. Nov 15, 2009
Regulators close 2 Florida banks, 1 in California; 123 US bank failures this year. By STEPHEN BERNARD and MARCY GORDON AP Business WritersNEW YORK November 13, 2009 (AP) The Associated Press. (ABC News -- Wire)
Feds Shut 3 Banks in Florida, Calif. Nov 15, 2009
Eleven Florida banks have failed this year. If the economic recovery falters, defaults on the high-risk loans could spike. (CBS News)
More Florida banks fail Nov 14, 2009
Two Florida banks were closed by regulators Friday evening the 11-branch of Sarasota and the 23-branch of Naples. Both will be taken over by Iberiabank of Lafayette, La. (South Florida Business Journal, FL)
Texas billionaire Beal seeks failed Florida bank Nov 14, 2009
Beal has the financial strength to acquire many Florida banks. Forbes ranked him 52nd on its Richest Americans list in 2009, with a net worth of $4. (Jacksonville Business Journal, FL)
Banks to prepay $45B in FDIC insurance Nov 14, 2009
Florida banks have struggled in the last year with a handful of failures. federal regulators seized BankUnited and placed control of the largest Florida-chartered bank into the hands of a private equity group led by John Kanas and W.L. Ross & Co. It was the most costly failure this year with an estimated $4. (South Florida Business Journal, FL)
SW Fla. banks hit hard by bad debt Nov 8, 2009
1:10 A.M. Bad debt continues to pile up at most Southwest Florida banks, even as failures, mergers and acquisitions reshape the banking landscape. Banks based in Lee and Collier counties reported almost $736 million in bad debt tied to real estate as of Sept. 30, up more than 75 percent from debt that was already soaring a year ago. (The News-Press -- Business)
Sun American, Republic Federal, Premier American are undercapitalized banks Nov 3, 2009
They join a plethora of Florida banks with significantly undercapitalized ratios at the end of the third quarter. That includes the $3. (South Florida Business Journal, FL)
Lake City bank takes over failed FL bank Oct 27, 2009
Three Florida banks failed Friday among seven nationwide The bank failures this year total 106, just 16 shy of the 122 that failed in 1992 during the savings and loan crisis, the most in a single year. Naples-based Partners Bank was the first bank failure announced Friday, taking the total to 100 bank failures this year. (Jacksonville Business Journal, FL)
Bradentons Flagship National Bank fails Oct 25, 2009
Two other Florida banks also failed Friday Partners Bank and , both based in Naples. based in Fort Lauderdale, assumed the deposits of both those banks and purchased some of their assets. (Tampa Bay Business Journal, FL)
Lydian Private Bank regains profitability Oct 24, 2009
The bank maintained a reserve for future loan losses that covered 52 percent of its nonaccrual loans a higher ratio than most South Florida banks. We are encouraged by the significant decrease in new delinquencies in the third quarter, Lydian Chairman and CEO Rory A. Brown said in a news release. (South Florida Business Journal, FL)
Bank closings top 100 for year; most failures since 1992 Oct 24, 2009
On Friday, regulators took over three small Florida banks Partners Bank and Hillcrest Bank Florida, both of , and Flagship National Bank in along with American United Bank of. Bank of Elmwood in Racine, Wis. (USA Today -- Money)
US bank failures cross 100 mark, highest annual closures in 17 years Oct 24, 2009
On Friday, regulators took over three small Florida banks - Partners Bank and Hillcrest Bank Florida, both of Naples, and Flagship National Bank in Bradenton - along with American United Bank of Lawrenceville, Georgia, Bank of Elmwood in Racine, Wisconsin, Riverview Community Bank in Otsego, Minnesota, and First Dupage Bank in Westmont, Illinois. When a bank fails, the Federal Deposit Insurance Corp. swoops in, usually on a Friday afternoon. (The Star Online, Malaysia)
Two banks in Naples fail; U.S. total now 106 Oct 24, 2009
Four other Southwest Florida banks were taken over earlier this year: Riverside Bank of the Gulf Coast, Colonial Bank, Commerce Bank of Southwest Florida and Orion Bank. Partners and Hillcrest deposits will continue to be insured by the FDIC and normal banking will be available over the weekend: depositors can access their money by writing checks or using ATM or debit cards. (The News-Press -- Business)
Officials: Theft ring pilfered $450K in goods Oct 10, 2009
Front page news - newsjournalonline. SATURDAY, OCTOBER 10, 2009. (Daytona Beach News Journal)
Ocean Bank lays off 78 Oct 3, 2009
5 percent of its loans noncurrent on June 30, Ocean Bank is among the most financially troubled South Florida banks. After losing $204. (South Florida Business Journal, FL)
1st United Bancorp nets $65M in offering Sep 24, 2009
The parent of 1st United Bank is one of the few Florida banks that have successfully raised capital through the public market this year. Yet, its balance sheet is cleaner than most Florida banks. (South Florida Business Journal, FL)
Local group buys Gibraltar Private Bank Sep 18, 2009
25 percent of its loans as noncurrent about half the average noncurrent loan ratio of South Florida banks. However, the other banks controlled by Boston Private have been doing better. (South Florida Business Journal, FL)
Bauer Financial: More South Florida banks troubled Sep 17, 2009
The number of South Florida banks rated problematic or worse by Bauer Financial increased to 24 in the second quarter, up from 16 in the first quarter ... The number of South Florida banks that received zero stars doubled to eight in the second quarter from four in the first ... The number of South Florida banks that Bauer rated four stars (excellent) fell to six from seven, as Davie-based Floridian Community Bank slipped to 3. (South Florida Business Journal, FL)
Total bank loans in NE Florida hit new low Sep 8, 2009
The decline in loans outstanding among most Northeast Florida banks was largely due to fewer bankers and businesses wanting more debt, bankers said. Regulators are also keeping a keen eye on how bank funds are used, which places further pressure on bankers to hold back from lending as freely. (Jacksonville Business Journal, FL)
Power Breakfast: Georgia bank failures, United Way, stimulus, health care Sep 3, 2009
Florida banks are No. 2 in tapping the insurance fund, while Texas banks are No. 3. Georgia s 23 failures have cost an estimated $3. (Atlanta Journal-Constitution -- Business)
More Florida banks post loss in 2Q Aug 29, 2009
The financial meltdown continued to batter Florida banks in the second quarter, with 69. 3 percent of the state s commercial banks reporting that they were unprofitable. (Jacksonville Business Journal, FL)
Losses narrow at Florida banks in 2Q Aug 28, 2009
Despite the overall improvement, the second quarter was tough on most Florida banks ... Poor credit quality continued to plague Florida banks ... Florida banks had $166 billion in assets as of June 30, down from $126. (South Florida Business Journal, FL)
St. Cloud bank acquires deposits of failed Atlanta bank Aug 25, 2009
Earlier this month, it of two failed Florida banks. In June, it of Minnesota s first failed bank of 2009, Horizon Bank in Pine City. (Twin Cities Business Journal, MN)
Florida bank watch list expands Aug 20, 2009
Two Florida banks, and , both in Bradenton, failed in 2008. Reader Comments. (Tampa Bay Business Journal, FL)
Regulators shut down Oregon bank Aug 11, 2009
The two Florida banks closed were First State Bank of Sarasota, Fla ... is acquiring the deposits of the two Florida banks. (KGW Northwest NewsChannel 8, OR -- Business)
Stearns Bank buys two Florida banks Aug 11, 2009
Stearns Bank of St. Cloud buys two Florida banks - Minneapolis / St. Paul Business Journal ... Stearns Bank of St. Cloud buys two Florida banks ... on Friday acquired the deposits of two failed Florida banks in a sale arranged by the Federal Deposit Insurance Corp.. (Twin Cities Business Journal, MN)
Regulators close 3 banks in Fla., Ore.; total now at 72 Aug 9, 2009
agreed to assume all the deposits of both Florida banks. Stearns Bank also agreed to buy $451 million of First State Bank assets and $94 million of Community National Bank assets. (USA Today -- Money)
> Premier American Bank losses grow Aug 4, 2009
The bank had the highest ratio of late or unpaid loans among South Florida banks in the first quarter, and the situation has only become worse. Premier American reported $73. (South Florida Business Journal, FL)
Northern Trust's profits slip Jul 31, 2009
Those charges followed the decline in quality of Northern Trust s loans although it still had fewer loan problems than most South Florida banks. Northern Trust said it had $130. (South Florida Business Journal, FL)
City National takes hit in Q2 Jul 31, 2009
Bank of Florida had been one of the first large South Florida banks that remained profitable in the current recession until the second quarter hit ... Still, its noncurrent loan ratio is well below the average for South Florida banks. (South Florida Business Journal, FL)
Small businesses in a pinch for loans Jul 26, 2009
Economist Sean Snaith, director of the University of Central Florida's Institute for Economic Competitiveness, said the lack of lending shows how hard many Florida banks have been hit by the foreclosure crisis. "Even with the subsidization, they are not in position to take on that risk," Snaith said. (Florida Today)
Mellon United bank sale confirmed Jul 24, 2009
South Florida banks have been popular acquisition targets for Spanish banks recently. During the past 18 months, bought TotalBank, and Caja Madrid bought. (South Florida Business Journal, FL)
New York firm seeks to acquire FirstCity Bank Jul 23, 2009
Private equity firms have taken a keen interest in South Florida banks this year. One consortium of private equity groups established a new in Coral Gables by acquiring the assets of the failed BankUnited out of receivership, while another consortium has a pending deal to acquire in Boca Raton. (South Florida Business Journal, FL)
Source: Spanish bank to purchase Mellon United Jul 22, 2009
South Florida banks have been a popular acquisition target for Spanish banks recently. In the past 18 months, Banco Popular Espa;ol bought TotalBank, and Caja Madrid bought. (South Florida Business Journal, FL)
Blooming business Jul 6, 2009
Most of the Florida banks stopped being business lenders a long time ago, said Mark Sunshine, president of , a Boca Raton company with 250 employees that does an array of financing globally. I ve seen really three major recessions none like this, said James F. Martin, managing partner for in Coral Gables. (South Florida Business Journal, FL)
Biscayne Bankshares approved for $6.4M in TARP Jun 27, 2009
In a first quarter regulatory report, Biscayne Bank was among the rare South Florida banks that had zero real estate owned, a category that describes real estate repossessed and held by banks. The bank had $223. (South Florida Business Journal, FL)
Jacksonville banks slash business credit Jun 20, 2009
NORTHEAST FLORIDA Banks are cutting down lines of credit for businesses at a time when many are already in a financial bind as they struggle through the recession. But bankers said many local businesses made less in 2008, so they do not need as large a line of credit this year. (Jacksonville Business Journal, FL)
While Florida banks swoon, three provide model for success May 29, 2009
Most Florida banks swoon; three provide model for growth - Tampa Bay Business Journal ... Most Florida banks swoon; three provide model for growth. (Tampa Bay Business Journal, FL)
Florida banks, thrifts post Q1 loss May 28, 2009
Florida banks, thrifts post $643 million first quarter loss - Jacksonville Business Journal ... Florida banks, thrifts post $643 million first quarter loss. (Jacksonville Business Journal, FL)
Florida banks lose $643M in Q1 May 28, 2009
However, the 305 Florida banks are not out of the woods yet ... Florida banks reported 5 ... Florida banks carried future loan loss reserves covering 34 percent of their noncurrent loans, down from 41 percent, while thrifts saw their coverage ratio drop to 28 percent from 34 percent. (South Florida Business Journal, FL)
The Strange Allure of Florida Banks May 27, 2009
No wonder, then, that before the banking industry imploded last year, non-Florida banks were beating down the door to enter the market. The numbers some buyers were willing to pay were, in retrospect, wondrous. (Slate)
Kanas looks ahead May 23, 2009
A handful of Florida banks are undercapitalized including in Miami, in Immokalee and in Fort Pierce and still more have their capital ratios barely above regulatory requirements. The new BankUnited will have plenty of capital to make acquisitions. (South Florida Business Journal, FL)
Shareholders angry at Miami firms bid for West Palm Beach bank May 22, 2009
The company has a solid base of capital it plans to invest in South Florida banks, Ellert said. Ezra Katz, CEO of Coconut Grove-based , which specializes in real estate and merchant banking, leads the investment group that provided the capital. (South Florida Business Journal, FL)
Bank finds investors May 14, 2009
A group of Miami investors who plan to buy up South Florida banks has struck its first deal: the purchase of a majority stake in ... Southeast Acquisition has a solid base of capital it plans to invest in South Florida banks, Ellert said. (South Florida Business Journal, FL)
U.S. Century Banks bad loans spike 134% May 5, 2009
U.S. Century Bank First Executive VP and Senior Lending Officer Abel Montuori said its problem loan expenses were less than other South Florida banks because it was more conservative in its lending ... It was one of the few South Florida banks that added employees. (South Florida Business Journal, FL)
> Espirito Santo Bank regains profitability May 2, 2009
I can think of many South Florida banks who wish they had equally rich parents, Thomas said. Espirito Santo Bank had $424. (South Florida Business Journal, FL)
> 1st United returns to profitability May 2, 2009
Boca Raton-based , one of three South Florida banks to receive government TARP money, returned to profitability in the first quarter and boosted its lending. The company (Pink Sheets: FSDB) gave the preferred stock in exchange for a $10 million investment under the Troubled Asset Relief Program in the first quarter. (South Florida Business Journal, FL)
Loss deepens at First Southern Bank Apr 29, 2009
The Boca Raton-based bank is one of three South Florida banks that have received money from the s Target Asset Relief Program (TARP) through its parent. The bank lost $1. (South Florida Business Journal, FL)
Florida banks revise Q4 losses by $140M Mar 23, 2009
For the full year, Florida banks and thrifts lost $2. 32 billion, instead of the previously reported $2. (South Florida Business Journal, FL)
BankAtlantic considers raising capital Mar 18, 2009
4 million in real estate construction loans one of the worst performing portfolios among South Florida banks scheduled to mature in 2009. An additional $215. (South Florida Business Journal, FL)
Bauer finds fewer stars among banks Mar 14, 2009
Bauer Financial rated 13 South Florida banks two stars (problematic) or worse in the fourth quarter, up from nine in the third quarter. The following were downgraded. (South Florida Business Journal, FL)
Regent Bank gets $10M in government funds Mar 12, 2009
Nearly 3 percent of its loans were noncurrent, which is below the average ratio for South Florida banks. The bank has seven branches in Broward and Palm Beach counties. (South Florida Business Journal, FL)
South Florida banks lose $591 million in the fourth quarter Mar 9, 2009
South Florida banks were awash with red ink in the fourth quarter, as problem loans continued to swell ... The year ended on a sour note for most South Florida banks ... Florida banks ranked 49th out of 52 states and territories on their return on investment. (South Florida Business Journal, FL)
Most of Florida banks unprofitable in 4Q Feb 28, 2009
for free extra services. Subscribe to Jacksonville Business Journal. (Jacksonville Business Journal, FL)
2 Florida banks temporarily halting foreclosures Feb 15, 2009
MIAMI - Two Florida banks are joining some of the country's largest lenders in temporarily halting foreclosures as the federal government tackles the housing crisis. Story tools. (Anchorage Daily News)
