Florida bank founded in 1927 goes bust

Jul 17, 2010 Full story: Seoul News.Net

Olde Cypress Community Bank, of Clewiston, Florida, was closed down on Friday by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation as receiver.

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Fred Sikes

Clearwater, FL

#1 Jul 18, 2010
I'm turning over in my grave!!!!!!!!!!
Ray

Mountain Home, AR

#3 Jul 22, 2010
Fred Sikes wrote:
I'm turning over in my grave!!!!!!!!!!
That money doesn't just walk off and make a bank fold. If all banks held people to a loan standard equal to all no bank would fail.

Since: May 08

Tallahassee, FL

#4 Aug 5, 2010
Ray wrote:
<quoted text>
That money doesn't just walk off and make a bank fold. If all banks held people to a loan standard equal to all no bank would fail.
Great response!

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