April 1, 2020

Business Briefing | FINANCE: The F.D.I.C. Closes First National Bank of Florida

Regulators on Friday closed a small bank in Florida, raising to 71 the number of bank failures this year. The Federal Deposit Insurance Corporation seized First National Bank of Florida, based in Milton, Fla. The bank had $296.8 million in assets and $280.1 million in deposits. CharterBank, based in West Point, Ga., agreed to assume the assets and deposits of the failed bank.

Article source: http://feeds.nytimes.com/click.phdo?i=48218540584a00afc384468f4b39c3f0

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