First Prority Bank based in Florida is seized by FDIC

August 3, 2008 by · Leave a Comment
Filed under: Bank Failure, Industry News 

Look like we have the 8th failure this year. First Priority of Florida has been overseen by FDIC and Sun Trust Banks will resume access to teller, check, debit card and atm. With the current economic environment with banks de-leveraging their balance sheets and asset being written down that some banks will find them selves in trouble with not enough capital to stay prudently solvent. Here is the report from Reuters.

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