-
A plan to inject $50 million into U.S. Century Bank has reportedly been called off, leaving the undercapitalized Doral, Fla., bank in limbo.
January 7 -
TGR Financial (TGR) in Naples, Fla., has added a former bank leader to its board.
February 3
Florida Bank in Tampa has been freed from a memorandum of understanding issued by state regulators, according to a
The $536.4 million-asset bank, a subsidiary of Florida Bank Group, had been operating under an order issued by the Florida Office of Financial Regulation in January 2012. The memorandum required Florida Bank to maintain a minimum 8% Tier 1 leverage ratio and a minimum 12% total risk-based capital ratio, according to a
The bank boosted its capital ratios after completing a $33 million private placement offering in August. It had a 9.6% Tier 1 leverage ratio and a 16.9% total risk-based capital ratio as of Dec. 31.
Florida Bank is still subject to a
"This has been a transformational year for the bank, going from the ranks of the walking dead to the ranks of the jogging alive," the bank's chief executive, Susie Martinez, said in a recorded investor call, according to the Business Journal. "We're not running yet, but we're on our way."
State regulators declined to comment Monday on the status of the memorandum because, they said, the agreements are confidential. Florida Bank did not immediately return a call seeking comment.