Cortez Community Bank, Florida, became the nation’s 35th banking failure of 2011. According to the FDIC, the failed bank will be acquired by Premier American Bank, which has previously acquired other failed banks. Premier American Bank, National Association, Miami, Florida, acquired the banking operations, including all the deposits, of two Florida-based banks. To protect depositors, […]
Cortez Community Bank, Brooksville, Florida, Closed By Regulators
Filed Under: Bank Failure, Banking News, Failed Banks, problem banks Tagged With: bank failure, Cortez Community Bank, failed bank, Florida Bank
Regulators Close Five Banks – Total Losses To FDIC Top $3 Billion

Last week had no bank closings due to the holiday weekend. Regulators returned to work today, closing five insolvent banks in Florida, Georgia and Michigan. A total of 39 banks have now failed during 2011. Although the banking industry has recovered from the dark days of the financial crisis due to unprecedented government aid, the […]
Filed Under: Bank Failure, Banking News, Failed Banks, featured, Loss share transactions, problem banks Tagged With: bank of the ozarks, Bond Street Holdings, Community Central Bank, Cortez Community Bank, Failed Banks, First Choice Community Bank, First National Bank of Central Florida, Florida Community Bank, premier american bank, problem banks, The Park Avenue Bank