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Robert Trigaux

Thirty Florida banks deemed weakest or "zero star" in new rankings by quarterly data, down from 39

The winnowing of Florida's most troubled banks continues with new quarterly rankings out that show a notable decrease in so-called "zero star" banks from Bauer Financial. Based on first quarter data just out from Bauer, only 30 Florida-based banks received a "zero star" or weakest financial ranking by Bauer on its scale of 0 (weakest) to five (strongest). That compares to 39 zero star banks a quarter earlier based on year-end 2011 data.

Of those 30, only one -- Heritage Bank of Florida in Lutz -- is in the immediate Tampa Bay area. Of note, First Home Bank in Seminole, which had been a zero star bank, managed to improve to a 1-star bank rating. Still weak but better.

As of data from March 31, 2012, here are the 30 zero star banks based in Florida.

Anchor Commercial Bank: Juno Beach, FL
Bank of Commerce: Sarasota, FL
Bank of Naples: Naples, FL
Beach Community Bank: Fort Walton Beach, FL
Chipola Community Bank: Marianna, FL
CNL Bank: Orlando, FL
Columbia Bank: Lake City, FL
Fidelity Bank of Florida N.A.: Merritt Island, FL
First City Bank of Florida: Fort Walton Beach, FL
First Community Bank of Southwest Florida: Fort Myers, FL
First East Side Savings Bank: Tamarac, FL
First National Bank of Crestview: Crestview, FL
Florida Capital Bank N.A.: Jacksonville, FL
Friends Bank: New Smyrna Beach, FL
Great Florida Bank: Miami, FL
Gulf Coast Community Bank: Pensacola, FL
Gulfsouth Private Bank: Destin, FL
Heritage Bank of Florida: Lutz, FL
Heritage Bank of North Florida: Orange Park, FL
Home Federal Bank of Hollywood: Hallandale, FL
Independent Bankers Bank of Florida: Lake Mary, FL
Legacy Bank of Florida: Boca Raton, FL
OptimumBank: Plantation, FL
Pinnacle Bank: Orange City, FL
Premier Bank: Tallahassee, FL
ProBank: Tallahassee, FL
Putnam State Bank: Palatka, FL
Royal Palm Bank of Florida: Naples, FL
TransCapital Bank: Sunrise, FL
US Century Bank: Miami, FL
 

-- Robert Trigaux, Business Columnist, Tampa Bay Times

 

 

 

[Last modified: Wednesday, June 6, 2012 12:32pm]

    

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