Latest News from the World of Finance.

11-01-2011
Small bank closed, sold to 1st United of Boca Raton
Authorities closed a small Clearwater bank on Friday and sold nearly all its assets to 1st United Bank of Boca Raton.
1st United took over operations of Old Harbor Bank, which had seven branches and about $216 million in deposits as of June 30. The branches will reopen Saturday as 1st United. All deposits are federally insured up to $250,000 per depositor at the bank.
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Copyright © 2011, South Florida Sun-Sentinel

10-21-2011
Four Banks Fail; 2011 Tally at 84
WASHINGTON (TheStreet) -- State regulators on Friday shuttered one bank in Florida, one in Colorado and two in Georgia, bringing this year's total number of U.S. bank failures to 84.

All the failed banks were previously included in TheStreet's second-quarter Bank Watch List of undercapitalized institutions, based on regulatory data provided by SNL Financial.
Copyright © 2011, Thestreet.com

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