First Guaranty Bank and Trust Co of Jacksonville, FL, Closed By Regulators

First Guaranty Bank and Trust Company of Jacksonville, Florida, the oldest bank in Jacksonville, was closed today by state regulators.  The FDIC, named as receiver, sold the failed bank to CenterState Bank of Florida, N.A. First Guaranty Band and Trust was a family owned bank with a 62 year history.  Inexplicably, according to the Bank’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 […]