Valley Bank, Fort Lauderdale, FL, Closed by Regulators, 11th Banking Failure of 2014

Valley Bank of Fort Lauderdale, Florida, was one of two banks shuttered by regulators today.  The other banking failure was Valley Bank, Moline, Illinois.  Both failed banks were owned by the same holding company, River Valley Bancorp, Inc., Davenport, IA.  The holding company was not included in the bank closings or the receivership. Florida state […]

LandMark Bank of Florida Closed By Regulators

LandMark Bank of Sarasota, Florida, became the nation’s 57th banking failure as Florida regulators closed the troubled bank.  The FDIC, acting as receiver, sold the failed bank to American Momentum Bank of Tampa, Florida. LandMark Bank, founded in 2000, was one of the largest independent community banks in Sarasota County with six branches and $275 […]