The owners of Florida's Oceanmark Bank are suing federal regulators for shutting down the thrift this month.

Jeffrey M. Fenster, who along with his sister owned a controlling interest in the North Miami Beach thrift, filed suit Monday against the Office of Thrift Supervision and the Federal Deposit Insurance Corp.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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