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A digital-first bank for south Florida

Independent Banker

Banking veteran Keith Costello cofounded Locality Bank, where he serves as president and CEO, to champion for south Florida small businesses financially affected by the pandemic. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career. Name: Locality Bank.

Florida 91
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Regulators close Florida bank in third failure of 2020

American Banker

First City Bank of Florida had suffered “longstanding capital and asset quality issues” that were unrelated to the pandemic, the FDIC said.

Florida 62
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Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

In July 2017, the Federal Deposit Insurance Corporation (FDIC) held a meeting with a group of community bankers which told officials about the competitive pressures they’re facing from FinTechs. As the community banking sector explores how to address the FinTech competitive threat, they’re also facing headwinds from regulators.

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Banking's Top 5 Total Return to Shareholders: 2022 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. Silvergate Capital Corporation (NYSE: SI) #2. and Puerto Rico banking laws and regulations. 4 First BanCorp (NYSE: FBP) First BanCorp is a full service financial institution with operations in Puerto Rico, the British Virgin Islands, and Florida.

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First New Community Bank In Decades Headed To US Market

PYMNTS

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. The FDIC’s announcement said a private placement offering will raise at least $25 million for the bank ahead of its launch. Bloomberg listed Casey G.