Bank of Jackson County, Florida, Closed By Regulators

After a month and a half with no banking failures, regulators closed the small Bank of Jackson County, Graceville, FL.  After being shut down by the Florida Office of Financial Regulation, the FDIC was named as receiver. After selling the failed bank to First Federal Bank of Florida, Lake City, FL, all deposit accounts of […]

Chipola Community Bank, FL, Closed By Regulators

After going without a banking failure since November 2012, regulators closed two Florida banks on Friday.  Shortly after closing the Heritage Bank of North Florida, regulators closed Chipola Community Bank of Marianna, Florida.  During 2012 a total of eight banks failed in Florida, accounting for 16% of the 51 bank failures nationwide. Chipola Community Bank […]