Southeast Banking Corporation: Difference between revisions
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'''Southeast Banking Corporation''' was a holding company in [[Miami, Florida]], [[United States]], with two subsidiary banks, Southeast Bank N.A. in Miami (which was founded as First National Bank of Miami in 1902 and changed its name to Southeast Bank in 1969) 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".<ref>[http://www.fdic.gov/bank/historical/managing/history2-09.pdf history2-09.fm<!-- Bot generated title -->]</ref> |
'''Southeast Banking Corporation''' ({{OTC Pink|SEBC}}) was a holding company in [[Miami, Florida]], [[United States]], with two subsidiary banks, Southeast Bank N.A. in Miami (which was founded as First National Bank of Miami in 1902 and changed its name to Southeast Bank in 1969) 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".<ref>[http://www.fdic.gov/bank/historical/managing/history2-09.pdf history2-09.fm<!-- Bot generated title -->]</ref> |
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[[First Union Corporation]], which took over the bank in liquidation, merged with [[Wachovia]] in 2001 and is now part of [[Wells Fargo]]. |
[[First Union Corporation]], which took over the bank in liquidation, merged with [[Wachovia]] in 2001 and is now part of [[Wells Fargo]]. |
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Revision as of 16:02, 5 May 2012
Southeast Banking Corporation (OTC Pink: SEBC) was a holding company in Miami, Florida, United States, with two subsidiary banks, Southeast Bank N.A. in Miami (which was founded as First National Bank of Miami in 1902 and changed its name to Southeast Bank in 1969) 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".[1]
First Union Corporation, which took over the bank in liquidation, merged with Wachovia in 2001 and is now part of Wells Fargo.
Shares in Southeast Banking Corporation are over-the-counter securities traded through pink sheets.[2]
References
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