Florida

The Office of the Comptroller of the Currency said Thursday that it fined Pacific National Bank in Miami $7 million for violating anti-money-laundering rules.

Stonegate Bank in Fort Lauderdale, Fla., has completed its acquisition of Southwest Capital Bank of Fort Myers, Fla.

Another banking company is moving forward with raising capital: 1st United Bancorp Inc. in Boca Raton, Fla., announced plans to sell $32.5 million of common stock.

TIB Financial Corp. in Naples, Fla., said late Tuesday that it returned to profitability after its new owner, North American Financial Holdings, restructured its balance sheet.

Once an aspiring acquirer, Florida Bank Group Inc. in Tampa is now under a Federal Reserve enforcement action.

BankAtlantic Bancorp must raise more capital, limit the growth of its brokered deposits and make other improvements under an agreement with the Office of Thrift Supervision.

With plans to sell its trust division, Bank of Florida Corp. is nearing dissolution.

Reality is setting in that the state that was among the first to crash during the real estate crisis is likely to be the last to escape.

CBM Florida Holding Co. in Lakewood Ranch said in a press release Friday that its Community Bank & Co. had agreed to buy the $505 million-asset First Community Bank of America in Pinellas Park, Fla.

Four failed-bank deals announced Friday evening marked another successful night for private equity.

Though BankAtlantic in Fort Lauderdale, Fla., was well capitalized at yearend, the thrift may soon be required to boost its capital.

When Wall Street investors opened their wallets wide to BankUnited Inc., they were sending a message to other capital-hungry community banks. It just was not the message that those banks were hoping for.

Monroe Securities Inc. in Chicago and Carson Medlin Co. in Tampa, Fla., are merging. The companies said Wednesday that they have agreed to combine their operations effective immediately, with Carson Medlin operating as a division of Monroe.

PNC appears to be willing to pay up to expand on Florida's west coast, entering into a deal to buy 19 branches and $350 million of deposits from BankAtlantic at a 10% premium.

The Florida company, which was bought in May 2009 by private investors, raised $783 million in its initial public offering, more than 18% than what it initially expected.

The latest nixed deal, between Florida Bank Group Inc. in Tampa and Anderen Financial Inc. in Palm Harbor, brought the issue to the fore when the companies said last week that regulators are hesitant to approve "expansionary" deals.

BankUnited Inc. unveiled estimated terms for an increased initial public offering, with current holders behind the bulk of the equity sale.

North American Financial Holdings Inc. is one step closer to having its flagship bank. The bank holding company, which is backed by $900 million of equity from various investors, received approval Friday from the Federal Reserve to buy an 85% ownership stake in Capital Bank Corp. of Raleigh, N.C.

A pair of banking companies have extended their deadlines for rights offerings due to technical difficulties.

As the epicenter of bank failures in 2010, Florida gave 2011 its first casualty. Florida was home to 18% of the 157 failures last year, with 29. Following a two-week hiatus, two banks failed on the first Friday of the new year.