Great Florida Bank

Great Florida Bank
GenreFinancial services
Founded2004
FounderM. Mehdi Ghomeshi
DefunctJanuary 31, 2014
Headquarters
Coral Gables, Florida
,
United States
Area served
Miami-Dade County, Broward County, Palm Beach County
Total assets$1.56 billion (Dec. 2010)[1]
Websitegreatfloridabank.com

Great Florida Bank (OTCQB: GFLB), headquartered in Miami Lakes, Florida was established on June 30, 2004 as a state-charted commercial bank. The bank was listed on the NASDAQ Global Market (GFLB) on December 5, 2007 and joined the American Bankers Association Community Bank Index in June 2008. At the end of 2009, it was the 11th-largest South Florida-based bank by assets.[1] As of April 13, 2010, according to a consent order filed with the Federal Deposit Insurance Corp. the bank is required to raise additional capital.[2] On January 31, 2014, Weston-based Florida Community Bank acquired Great Florida Bank elevating its status to the fourth largest bank headquartered in Florida, with about $5 billion in assets and more than 60 locations along both Florida coasts and in the Orlando area.[3]

  1. ^ a b Cite error: The named reference SFBJ20100426 was invoked but never defined (see the help page).
  2. ^ "Archived copy" (PDF). Archived from the original (PDF) on April 19, 2014. Retrieved December 31, 2010.{{cite news}}: CS1 maint: archived copy as title (link)
  3. ^ "Florida Community Bank competes acquisition of Great Florida Bank". Miami Herald. January 31, 2014.