Four More Banks Fail with Losses of $375 Mil. Expected

Regulators closed four more banks in the past week: First Southern National Bank in Georgia, Lydian Private Bank in Florida, First Choice Bank in Illinois and Public Savings Bank in Pennsylvania.

In Florida, the Office of the Comptroller of the Currency (OCC) appointed the Federal Deposit Insurance Corp. (FDIC) as receiver for Lydian Private Bank, a federal savings association in Palm Beach. As of June 30, 2011, the bank had $ 1.7 billion of total…
South Florida Commercial Real Estate News From CoStar Group