First National Bank of Central Florida Fails

Regulators closed the First National Bank of Central Florida and the FDIC sold the failed bank to Premier American Bank.  The FDIC press release notes that the the failure of First National Bank will cost the FDIC Deposit Insurance Fund $42.9 million. Premier American Bank, National Association, Miami, Florida, acquired the banking operations, including all […]

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 […]