The Federal Deposit Insurance Corp (FDIC) issued twenty cease-and-desist orders across the country last month. Three of these banks, First Commercial Bank of Tampa, The Royal Palm Bank of Florida in Naples and Premier American Bank in Miami, are located here in Florida!

First Commercial Bank of Tampa Bay has received notice that if they are not able to increase deposits and rid themselves of all dependency on “volatile funding sources”, the FDIC could force a sale.

First Commercial Bank of Tampa is celebrating its 20th anniversary this year, but is struggling with a large amount of delinquent real estate loans, inadequate capital and inadequate board supervision, among other charges, according to the FDIC.