Local Business News from Florida

Business News Florida

Florida accounts for 20% of bank failures this year
Coastal Community Bank, of Panama City Beach, Florida, which incorporates Apalachicola State Bank whose origins date back more than a century, was closed on Friday by the Florida Office of Financial Regulation.
Rick Scott for governor of Florida catches on with out-of-state donors
Rick Scott had raised $430,000 in donations as of a week ago. He also made $23.9 million in personal loans to his campaign in the three-month period covered by the report. A rough analysis of Scotts donor list showed that roughly 30 percent of his donors are from outside of Florida. Compare that to the roughly 10 percent represented by out-of-state donors on opponent Bill McCollums donor list.
Florida banking system takes another hit
Bayside Savings Bank, of Port Saint Joe, Florida was closed down on Friday by the Office of Thrift Supervision, a division of the U.S. Department of Treasury, almost seven years after the bank commenced trading.
Two Florida Bank Failures Bring 2010 Total To 106
Two Florida Bank Failures Bring 2010 Total To 106
Regulators close 3 banks in Florida, Georgia
(AP:WASHINGTON) Regulators on Friday shut two banks in Florida and one in Georgia, lifting to 106 the number of U.S. banks to fail this year as the industry has struggled to cope with mounting loan defaults and recession.