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South Florida

Regulators shut down three banks

The FDIC packaged the three failed banks together for sale

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Federal regulators have shut down three Florida banks, including Metro
Bank of Miami-Dade County and Turnberry Bank in Aventura. A new bank,
NAFH National Bank, was created with the assets of those two banks,
along with that of First National Bank of the South. NAFH now has 23
branches and nearly $1.4 million in assets, along with $1.2 billion in
deposits. Metro Bank owns the Flagler Dog Track/Magic City Casino in
Miami. [SFBJ]