Professional Bank of Coral Gables, TransCapital Bank in Hallandale Beach and First Bank of the Palm Beaches in West Palm Beach all agreed to comply with the orders.
January 31, 2011 at 12:00 AM
1 minute read
The Federal Deposit Insurance Corp. hit one bank in each of South Florida’s three counties with regulatory consent orders. It said Friday that Professional Bank, a Coral Gables start-up, TransCapital Bank in Hallandale Beach and First Bank of the Palm Beaches in West Palm Beach agreed to comply with terms of the orders without admitting or denying wrongdoing.
Consent orders vary slightly according to the individual circumstances of each bank and carry a deadline of anywhere from 60 to 120 days.
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