Florida banks under enforcement


  • By
  • | 3:20 p.m. October 18, 2011
  • | 2 Free Articles Remaining!
  • News
  • Share

Six states have more than 50 banking institutions under severe enforcement actions from federal regulators as of Oct. 12. For three of those six states, the total number of institutions under enforcement represents more than 20% of all its locally based banks.

Florida is one of those states, along with Georgia and California, according to SNL Financial.

Through the first 10 months of 2011, 32 Florida banks have been issued new enforcement orders by the Federal Deposit Insurance Corp., including the Bank of Naples, The Bank of Commerce, First State Bank and The Palm Bank.

Texas, Illinois and Minnesota each have more than 50 banks under enforcement actions, but those closely watched institutions in Texas represent less than 10% of all banks.

 

Latest News

Sponsored Content