Southshore Community Bank of Florida Becomes 56th Banking Failure

Southshore Community Bank of Apollo Beach, Florida, was closed today by Florida regulators who appointed the FDIC as receiver.  The FDIC sold the failed bank to American Momentum Bank of Tampa, Florida. Southshore had only two branches.  All depositors of Southshore will automatically become depositors of American Momentum Bank.  Depositors of failed Southshore can continue […]