First 3 Bank Failures Of 2012 Occur In Florida, Georgia and Pennsylvania

The first bank failures of 2012 occurred today when regulators closed three banks in Florida, Georgia and Pennsylvania. Florida and Georgia are continuing a trend from last year when they accounted for almost 40% of the nation’s 92 banking failures.  Georgia had 23 bank failures in 2011 followed by Florida with 13 bank failures.  Today’s […]

Central Florida State Bank, FL, Becomes First Banking Failure Of 2012

The first banking failure of 2012 occurred in Florida as regulators closed Central Florida State Bank, Belleview, Florida.   During 2011, Florida had 13 banking failures, second only to Georgia which witnessed the closing of 23 banks.  Combined, Florida and Georgia accounted for 39% of the 92 bank failures that occurred during 2011. State regulators […]