Make us your home page
Instagram

Forty percent of Florida banks considered troubled or problematic

Florida banks have gotten slightly healthier over the past year. But that's not saying much.

Almost 40 percent of Florida's banks were considered troubled or problematic in a quarterly analysis by ratings agency Bauer Financial. That's down from 43 percent a year ago, yet still far higher than the national average of 13 percent.

Fewer than 19 percent of Florida banks made the recommended list (up from 18 percent) compared to more than 60 percent of banks recommended nationally.

Troubled or problematic reflects getting two stars or less on the company's five-star rating system. Banks need at least four stars to be recommended.

Lowest-rated banks in the Tampa Bay area (zero stars) include: Cortez Community Bank in Brooksville; First Commercial Bank of Tampa Bay in Tampa; First Community Bank of America in Pinellas Park; First Home Bank in Seminole; Old Harbor Bank in Clearwater; Southshore Community Bank in Apollo Beach; and Superior Bank in Tampa.

The Bauer analysis was based on financial data as of Dec. 31, 2010.

To see the complete list go to www.bauerfinancial.com.

Forty percent of Florida banks considered troubled or problematic 03/10/11 [Last modified: Thursday, March 10, 2011 6:33pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. ReliaQuest's benevolent hackers try to make companies more secure

    Corporate

    TAMPA — Their goal is to get in. Past a security desk, through a firewall, into a system they shouldn't have access to. Sometimes they'll look like a regular person in the lobby who innocently forgot their access badge. Most times they won't be seen at all, remotely and quietly prodding a company's systems from a …

    Angelo Castellano of Tampa works at his desk at ReliaQuest | | [CHARLIE KAIJO, Times]
  2. Despite soaring home prices, Tampa Bay still an affordable market

    Real Estate

    Times Staff Writer

    Finally, some good news for Tampa Bay home buyers. Despite rising prices, the bay area remains relatively affordable compared to many other parts of the country.

    Despite rising prices, the bay area remains relatively affordable compared to many other parts of the country. [Associated Press file photo]
  3. National economy off to a luckluster start this year

    Business

    WASHINGTON — The U.S. economy got off to a lackluster start during the first three months of 2017, though it enjoyed more momentum than earlier estimates indicated.

    he U.S. economy got off to a lackluster start during the first three months of 2017, though it enjoyed more momentum than earlier estimates indicated.
[Associated Press file photo]
  4. Last steel beam marks construction milestone for Tom and Mary James' museum

    Growth

    ST. PETERSBURG — Tom and Mary James on Wednesday signed their names to the last steel beam framing the 105-ton stone mesa that will be built at the entrance of the museum that bears their name: the James Museum of Western and Wildlife Art.

    The topping-out ceremony of the James Museum of Western & Wildlife Art was held Wednesday morning in downtown St. Petersburg. Mary James (from left), husband Tom and Mayor Rick Kriseman signed the final beam before it was put into place. When finished, the $55 million museum at 100 Central Ave. will hold up to 500 pieces of the couple's 3,000-piece art collection. [Courtesy of James Museum of Western & Wildlife Art]
  5. Heights Public Market to host two Tampa Bay food trucks

    Business

    TAMPA — The Heights Public Market announced the first two food trucks for its "rotating stall," which will feature new restaurants every four months. Surf and Turf and Empamamas will be rolled out first.

    Heights Public Market is opening this summer inside the Tampa Armature Works building.
[SKIP O'ROURKE   |   Times file photo]