Five Bank Failures Bring Year’s Total To 38 – FDIC Losses Top $1.9 Billion

Regulators had a busy week closing five banks in four different states on Friday.  Although bank failures have been proceeding at a slower pace than last year, the total losses to the FDIC Deposit Insurance Fund now top $1.9 billion and the number of problem banks remains very high considering that we are four years […]

The Royal Palm Bank of Florida Closed By Regualtors

The Royal Palm Bank of Florida, Naples, FL, was closed today by the Florida Office of Financial Regulation which appointed the FDIC as receiver.  Opened in 2001, The Royal Palm Bank had served all of Southwest Florida through three offices in Collier & Lee counties, offering full service commercial banking services.  In 2006, The Royal […]