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 […]
Southshore Community Bank of Florida Becomes 56th Banking Failure
July 22, 2011 By Leave a Comment
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 […]