Florida bank failures cost FDIC $10 billion
by Jeff Ostrowski
More than 50 Florida-based banks have failed since August 2008, and the fallout has totaled $10.1 billion to the Federal Deposit Insurance Corp.’s Deposit Insurance Fund, by my calculations.
BankUnited’s outsized failure accounted for nearly half those losses, but Orion Bank and Peoples First Community Bank cost more than half a billion each.
The cheapest failure award goes to First Federal Bank of North Florida in Palatka. Its collapse cost the FDIC a mere $6 million.
CAN YOU SAY “RACKETEERING ENTERPRISE?”
HOW MANY SUITS WERE OVERLOOKED BY THE JUSTICE DEPARTMENT AND THE FEDERAL JUDICIARY?
ONE I PERSONALLY KNOW OF….MINE!
IT WAS BASED ON, BUT NOT LIMITED TO, THE MEETING I HAD AT PEOPLES FIRST, PANAMA CITY, FLORIDA WITH REV. J.W. HUNT, JOE CHAPMAN, ALLAN BENSE AND THE WHITE WESTERN MEN’S CLUB THIRD THURSDAY MEETING!
THE “RACKETEERING ENTERPRISE” CONTINUES…..CHECK OUT ENTERPRISE FLORIDA, INC.