Entries categorized as Florida
Florida based BankAtlantic cuts 100 jobs
Fort Lauderdale-based BankAtlantic cut 100 people from its workforce of roughly 1,600, citing uncertainty over the economy and the impact of the new financial overhaul law. Bank President Jarett S. Levan said BankAtlantic remains “well-capitalized” in regulatory terms. Management took the action to be conservative while Florida’s economy lags other areas of the country, he More...
Banks in Florida, Maryland and Utah closing as Mortgage losses mount
Banks in Florida, Maryland and Utah were closed Friday as regulators wrapped up the busiest month for failures since the housing slump began in 2006. Ocala National Bank in Florida and Suburban Federal Savings Bank of Crofton, Maryland, were shut by federal regulators, according to statements sent by the Federal Deposit Insurance Corp. MagnetBank of More...