First East Side Savings Bank, Florida, Closed By Regulators

First Side Savings Bank, Tamarac, Florida, was closed today by the Office of the Comptroller of the Currency.  Earlier in the day, a second Florida bank, GulfSouth Private Bank, was closed by Florida banking officials.  Florida has now had a total of seven banking failures this year, representing 16% of total U.S. bank failures during […]

GulfSouth Private Bank, Florida, Closed By Regulators

The state of Florida had its sixth banking failure of the year today when regulators closed GulfSouth Private Bank, Destin, Florida.  The FDIC, acting as receiver, sold the failed bank to SmartBank, Pigeon Forge, Tennessee. All four branches of GulfSouth will reopen as branches of SmartBank on Monday.  All depositors of failed GulfSouth will have […]