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 owner":

"… s from Ocala National to its holding company and to a company owned by the bank owner’s son and five of Ocala’s nine board members, according to a report by …"

"… family, and repurchased nonperforming loans held by a company owned by the bank owner’s son and five of the nine members of the bank’s board.“OCC should h …"