BAC Florida Bank and Northern Trust Corp. (NTRS) in Chicago have called off a deal in which Northern Trust had planned to sell $65 million of sell international deposits to the Coral Gables bank.

The Florida Office of Financial Regulation approved a final order on May 30 allowing Northern Trust to sell the deposits, which are managed by a Northern private banking group office in Miami.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.