WASHINGTON – Five more Sand State banks, including three affiliated in Florida, were seized by regulators Friday, making a total of 78 failures for the year.
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Friday’s failures include $1.3 billion Bank of Florida’s three lenders, Bank of Florida-Tampa Bay, Bank of Florida Southwest and Bank of Florida Southeast. All three were taken over by EverBank Financial Corp., an $11.5 billion institution based in Jacksonville.
Also seized Friday were SunWest Bank a $360 million Las Vegas bank, and Granite Community Bank, a $100 million bank in Granite Bay, Calif.
There have been 12 credit union failures so far this year.
