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Legacy Bank of Florida in Boca Raton raised $1.7 million in the third quarter, but remains short of the capital levels required by a regulatory consent order.
October 28 -
Legacy Bank of Florida in Boca Raton has raised more than $6.7 million from a common stock offering.
January 9 -
The president's decision to bolster ties with the island nation will likely give banks relief from sanctions, as well as expanded opportunities for money transfers and the financing of U.S. exports.
December 17
Legacy Bank of Florida in Boca Raton has been
The $275 million-asset bank said in a press release Monday that the Federal Deposit Insurance Corp. and the Florida Office of Financial Regulation lifted the consent order on Dec. 24.
The order,
"I am very proud of our employees, board and management, who over the past few years have worked diligently and expediently to meet the requirements outlined in the consent order," David Bedley, Legacy's chairman and chief executive, said in the release. "In addition, the bank was able to raise capital, increase earnings and grow the balance sheet."
The order's termination was first reported by the
