How one bank failure illustrates lapses by regulators

By Keith Epstein

Overseers of Florida Bank noted risky lending, but failed to act

Excerpts from this story referencing "bank management":

"… appoint “a capable senior lending officer,” end “any deficiencies in bank management,” stop any lending without analyzing credit information and documenting …"

"… ing loss of $2.3 million. “OCC examiners repeatedly communicated to bank management concerns about rapid loan growth, high concentration in construction and l …"

"… lated organizations when warranted, particularly when payments may benefit bank management or board members.”In an October interview with the Ocala Star-Banner, Ky …"