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Robert Trigaux

Updated: Here are the 43 'zero star' rated banks based in Florida



By sheer numbers, the list of "zero-star" (weakest) banks based in Florida is not improving much these days. Bauer Financial this week published its list of Florida banks, each assigned a rating from zero to five (strongest) stars. And 43 of them are zero stars, based on the financial condition of the banks as of Sept. 30. This is the latest data available.

Here are the zero star banks. Those in the Tampa Bay area -- there are now only three, shown below with links -- are noted in bold:

Anchor Commercial Bank: Juno Beach
Bank of Commerce: Sarasota
Bank of Coral Gables: Coral Gables
Bank of Jackson County: Graceville
Bank of Naples: Naples
Beach Community Bank: Fort Walton Beach
Centerbank of Jacksonville N.A.: Jacksonville,
Central Florida State Bank: Belleview
Chipola Community Bank: Marianna
CNLBank: Orlando
Columbia Bank: Lake City
Eurobank: Coral Gables
Fidelity Bank of Florida N.A.: Merritt Island,
First City Bank of Florida: Fort Walton Beach
First Community Bank of Southwest Florida: Fort Myers
First East Side Savings Bank: Tamarac
First Guaranty Bank & Trust of Jacksonville: Jacksonville
First Home Bank: Seminole
First National Bank of Crestview: Crestview
Flagler Bank: West Palm Beach
Florida Bank: Tampa
Florida Capital Bank N.A.: Jacksonville
Friends Bank: New Smyrna Beach
Grand Bank & Trust of Florida: West Palm Beach
Great Florida Bank: Miami
Gulf Coast Community Bank: Pensacola
Gulfsouth Private Bank: Destin
Heritage Bank of Florida: Lutz
Heritage Bank of North Florida: Orange Park
Independent Bankers Bank of Florida: Lake Mary
Legacy Bank of Florida: Boca Raton
Ocean Bank: Miami,
OptimumBank: Plantation
Premier Bank: Tallahassee
Premier Community Bank of the Emerald Coast: Crestview
ProBank: Tallahassee
Putnam State Bank: Palatka
Reliance Bank FSB: Fort Myers
Royal Palm Bank of Florida: Naples
Security Bank N.A.: North Lauderdale
Sunrise Bank: Cocoa Beach
TransCapital Bank: Sunrise
US Century Bank: Miami

The last bank to fail in Florida was Old Harbor Bank in Clearwater in October, as this FDIC press release explains.

-- Robert Trigaux, Business Columnist, St. Petersburg Times, soon to become the Tampa Bay Times


[Last modified: Friday, December 9, 2011 2:55pm]


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