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Failed Bank’s Founder, Directors Agree to Settle

Mortgage Daily

Published On: August 15, 2014

Failed Bank’s Founder, Directors Agree to Settle

Old Southern Bank failed in 2010

Aug. 15, 2014

By RICHARD BURNETT Orlando Sentinel – McClatchy-Tribune Information Services

Former leaders of Orlando, Fla.’s, first bank to fail during the U.S. financial crisis have agreed to a set of multimillion-dollar deals to settle allegations they caused the bank’s demise, regulators and lawyers confirmed this week.

This wire news service story is no longer available.

However a copy might still be available at www.orlandosentinel.com

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