Real estate blog entries tagged with shutter by Condo Vultures® LLC

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Home : Blogs : Condo Vultures® LLC : Strategies of the Condo Vultures® : Tag "shutter"

shutter: Regulators Shut 2 Florida Banks, Lose $140 Million - 08/11/09 08:08 AM

Regulators have seized three bank, two headquartered in Florida and one in Oregon, resulting in an estimated loss of $185 million to the Federal Deposit Insurance Corp.First State Bank, a Sarasota, Fla.-based institution with assets of $463 million and deposits of $387 million, was shuttered on Friday, Aug. 7, producing a loss of $116 million to the FDIC's Deposit Insurance Fund. The FDIC ensures deposits up to $250,000 per account.On that same day across town regulators were seizing the Community National Bank of Sarasota County, with assets of $97 million and deposits of $93 million. This failure resulted in a loss … (1 comments)

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