Florida

TIB Financial Corp. in Naples, Fla., had a wider net loss of $33.7 million in the third quarter after its new owner overhauled the company's balance sheet.

A handful of small banks have also struck deals recently that will heighten their name recognition and allow them to cull customers out of massive audiences.

CenterState Banks Inc. in Winter Haven, Fla., said it has received approval to consolidate three of its subsidiary banks into a single charter.

The Federal Reserve Board issued three enforcement actions against community banks and their holding companies on Thursday.

Seven banks failed Friday, bringing the total number of failures this year to within one of the number of failures in all of 2009. So far 139 banks have failed in 2010. Friday's failures are expected to cost the deposit insurance fund a collective $478 million.

BankUnited in Florida said Friday that it has acquired a small-business lending platform and a municipal leasing business from two companies as a way to expand its lending operations nationwide.

EverBank Financial Corp., one of Florida's largest homegrown banks, plans to go public by raising up to $200 million of common stock, according to a registration filed Friday with the Securities and Exchange Commission.

Fairwinds Credit Union in Orlando has renewed its membership in First Data Corp.'s Star network, making the electronic funds transfer service its preferred provider of PIN debit transaction and ATM access services.

The failures late Friday of the $421 million-asset Wakulla Bank in Crawfordville, Fla., and the $104 million-asset Shoreline Bank in Shoreline, Wash., were estimated to cost the Federal Deposit Insurance Corp. a total of $155 million.

LandMark Bank of Florida in Sarasota is now operating under a prompt corrective action directive from the Federal Reserve.

Two failures on opposite coasts Friday evening brought the year's toll to 127. Florida regulators closed the $148 million-asset Haven Trust Bank in Ponte Vedra Beach. Later, the $289 million-asset North County Bank in Arlington, Wash., was shuttered.

Two days before approving a $175 million investment for TIB Financial Corp. in Naples, Fla., the Federal Reserve entered into a written agreement with the struggling company.

Jacksonville Bancorp Inc. in Florida is raising more capital for its deal to acquire hometown rival Atlantic BancGroup Inc.

North American Financial Holdings Inc. of Charlotte has received approval to invest $175 million in the struggling TIB Financial Corp. in Naples, Fla.

In the year or so that BankUnited has hired lenders away from Florida rivals, its recruits have laid the foundation for a major branch expansion across the state.

For an institution with plenty of capital, BBU Bank in Coral Gables, Fla., has made what some consider an odd move — expanding from the troubled Florida market into the turbulent Puerto Rico market.

It was another light Friday for the Federal Deposit Insurance Corp. Following two weeks with no bank failures, the FDIC was called in to resolve just one collapse Friday evening, that of the $188 million-asset Horizon Bank in Bradenton, Fla. The failure, the 119th this year and the 23rd in Florida, was estimated to cost the FDIC nearly $59 million.

CenterState Banks Inc. is merging three of its national banking subsidiaries in Florida by the end of the year, according to a filing with the Securities and Exchange Commission.

Banco Davivienda of Bogota, was given permission Tuesday to convert a subsidiary already in the U.S., Bancafe International, into an international branch in Miami.

The Fort Lauderdale, Fla., company last week filed a registration statement with the Securities and Exchange Commission to raise up to $125 million of common equity this year. BankAtlantic did not disclose when it intends to launch an offering.