Southeast Banking Corporation
- Southeast Banking Corporation
Southeast Banking Corporation was a holding company in Miami, Florida, United States with two subsidiary banks, Southeast Bank N.A. in Miami and Southeast Bank of West Florida in Pensacola. It was liquidated in 1991 by the Federal Deposit Insurance Corporation using a new procedure called "loss sharing". [ [http://www.fdic.gov/bank/historical/managing/history2-09.pdf history2-09.fm ] ]
First National Bank of Florida was founded in 1902, and it changed its name to Southeast Bank in 1969. First Union took over the bank in liquidation. First Union merged with Wachovia in 2001.
Shares in Southeast Banking Corporation are OTC-traded securities through pink sheets. [http://finance.google.com/finance?q=PINK:STBP STBP]
References
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2010.
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