Florida Bank Returning to Jack Henry Fold

First National Bank of Florida in Milton has agreed to use core banking technology from Jack Henry & Associates, again.

Bank of Florida Stock Offering Postponed

Bank of Florida in Naples, which is under regulatory pressure to raise capital, has postponed a $135 million stock offering, saying market conditions have deteriorated.

Horizon Seeks to Raise $5 Million

In a bid to get its bank unit adequately capitalized, Horizon Bancorp. in Bradenton, Fla., is trying to raise $5M in a private placement of convertible preferred stock.

Three Failures Take '09 Tally to 123

Two failures in Florida, including the collapse of Naples-based Orion Bank, and another in California late Friday brought the year's total to 123.

M&A Twist: Pay to Get Acquired

A thrift's unusually structured deal to take over a nonbank commercial lender encapsulates the key challenges facing both sectors: capital for the depositories and funding for ...

Failures in Triple Digits After 7 Banks Fall

Failures in 2009 shot past the 100-mark late Friday as regulators swooped into seven community banks in the Midwest and southeast.

A Florida Blueprint Changes with the Times

After years of idling, Florida Shores Bancorp Inc. is shifting into high gear with a new strategy that reflects changes in the regulatory and economic environment since the company's founding.

Ill.'s Mercantile Shores Up Struggling Florida Bank Unit

In what it is calling a first step toward replenishing its capital, Mercantile Bancorp Inc. in Quincy, Ill., said it intends to merge its flailing Florida bank with a stronger unit.

Small Banks Dip Toes into IPO Waters

A small Florida bank raised $70 million through an initial public offering Wednesday, in what is believed to be the first such deal in the banking sector in two years.

Hoping to Take a Charter Off the Shelf

Jay Kislak, chairman of J.I. Kislak Inc., has applied to receive a shelf charter from the OCC with the interest in buying a failed bank in Florida.

Trio of Failures Stretches '09 Total to 72

Regulators closed two community banks in Florida, and one in Oregon, Friday evening to bring the year's failure total to 72.

Regulators Shut Five More Banks

July was worst month this year for failures

Regulators closed institutions in five states late Friday, bringing the year's toll to 69 and leaving the FDIC with almost $1 billion more in losses.

Stars Align for M&A on Gulf Coast

Analysts said Iberiabank likely has a plan for all that capital it just raised and they see the move as a signal of a potential failure spree on the way. The Louisiana company took in $143 million this week, on top of $110 million in December.

Tarp Link in Seacoast Offering

Seacoast Banking Corp. of Florida is preparing to raise capital through a common stock offering, with one goal being to resume paying dividends on its government infusion.