Another Week, Another 2 Florida Banks Fail
Florida bank failures continued to mount on Friday, August 20th when the FDIC announced the failures of the Independent National Bank in Ocala and the Community National Bank in Bartow. These two failures brought the total number of Florida chartered bank failures to 22 for 2010.
Independent Bank had total assets of $156.2 million, while Community National had $67.9 million.
The deepening real estate collapse in Florida guarantees that many more Florida chartered banks can be expected to fail in the near future.
Independent Bank had total assets of $156.2 million, while Community National had $67.9 million.
The deepening real estate collapse in Florida guarantees that many more Florida chartered banks can be expected to fail in the near future.
posted by Tarot Cardreader at 5:07 PM
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