indianz.com your internet resource indianz.com on facebook indianz.com on twitter indianz.com on Google+ indianz.com on soundcloud
phone: 202 630 8439
Fredericks Peebles & Morgan LLP
Advertise on Indianz.Com
Home > News > Headlines
Print   Subscribe
Seminole Tribe won't be purchasing struggling bank in Florida

Filed Under: Business
More on: banks, florida, housing, seminole
     


The Valley Bank in Fort Lauderdale, Florida. Photo from Google Maps

The Seminole Tribe of Florida won't be acquiring a struggling bank after all.

The tribe was interested in buying Valley Bank in Fort Lauderdale. A spokesperson, however, said that was off the table.

But the tribe still plans on getting into the banking business and has filed papers with the Federal Deposit Insurance Corporation to create an entity called Seminole Bank. The Section 184 Indian Home Loan Guarantee Program could be one area of operation.

"They believe tribal members are underserved by banks, particularly in the more rural reservations like Brighton and Big Cypress where they have to drive for miles off reservation to get to a bank," spokesperson Gary Bitner told The South Florida Business Journal.

Get the Story:
Seminole Tribe backs out of Valley Bank purchase, but it still wants a bank (The South Florida Business Journal 6/3)

Related Stories:
Seminole Tribe files papers to acquire struggling bank in Florida (6/2)


Copyright © Indianz.Com
More headlines...
Stay Connected:
On Facebook

On Twitter

On Google+

On SoundCloud
Local Links:
Federal Register | Indian Gaming | Jobs & Notices | In The Hoop | Message Board
Latest News:
Kumeyaay Nation still waiting to repatriate ancestors despite win (8/27)
IHS plans to expand service area for Aquinnah Wampanoag Tribe (8/27)
Native Sun News: Health workers join together for race relations (8/27)
Ivan Star: Oglala Sioux government fails majority of our people (8/27)
Steve Russell: Donald Trump isn't the only crazy one in the race (8/27)
Harlan McKosato: Isleta Pueblo opposes city development plan (8/27)
Julianne Jennings: People of color must unite for justice or else (8/27)
Hillary Clinton campaign reaches out to tribal voters in Nevada (8/27)
EPA releases internal report into Gold King Mine spill disaster (8/27)
Southern Ute Tribe hosts top DOJ officials at crime conference (8/27)
Paper must ask to attend Eastern Cherokee council meetings (8/27)
Koi Nation praises charges against man accused of looting site (8/27)
Pokagon Band breaks ground on village with housing complex (8/27)
Tribes provide fire services on and off reservations in California (8/27)
Chumash Tribe signs new Class III casino compact in California (8/27)
Tohono O'odham Nation heading back in court in casino lawsuit (8/27)
Ak-Chin Indian Community announces $100M casino expansion (8/27)
Lower Sioux Indian Community debuts $22M casino expansion (8/27)
Little Traverse Bay Bands plan new development at old casino (8/27)
Seminole Tribe wins major ruling in taxation dispute in Florida (8/26)
Senate Indian Affairs Committee sets hearing on EPA mine spill (8/26)
Indian Health Service to hold a second meeting for LGBT issues (8/26)
Obama picks for National Advisory Council on Indian Education (8/26)
Native Sun News: Lakota grandmother debuts film about uranium (8/26)
Native Sun News: Miss Crow Fair thanks family for strong support (8/26)
Terese Marie Mailhot: Beware of vicious and deadly gossip on rez (8/26)
Former Navajo Nation leaders blamed for lack of women's shelter (8/26)
Man charged with murder of Crow Tribe couple could face death (8/26)
Former executives charged with theft from Chippewa Cree Tribe (8/26)
Northern Arapaho Tribe asks Obama to drop appeal in eagle case (8/26)
Kickapoo Tribe adds former treasurer to lawsuit against ex-chair (8/26)
Final defendant sentenced for murder on Wind River Reservation (8/26)
County finally agrees to discuss land issues with Chumash Tribe (8/26)
Lytton Band faces local opposition to land development projects (8/26)
Mohegan Tribe welcomes visitors to new sub shop in Connecticut (8/26)
Gun Lake Tribe consolidates governmental offices at new campus (8/26)
Grand Ronde Tribes host annual economic development meeting (8/26)
DC council member doesn't want racist name tied to stadium deal (8/26)
Mashpee Wampanoag Tribe to see BIA decision on casino project (8/26)
Seminole Tribe heads into mediation for Class III gaming compact (8/26)
United Auburn Indian Community compact praised by lawmakers (8/26)
New leader of Jamul Indian Village cites benefits of $360M casino (8/26)
Alaska governor pursues appeal in landmark land-into-trust case (8/25)
Native Sun News: Tribes respond to toxic spill at abandoned mine (8/25)
Native Sun News: Behind the scenes with Indian relay racing team (8/25)
Leon Matthews: Lakota people carry on a long tradition of sharing (8/25)
Harlan McKosato: Sending my mother home in the traditional way (8/25)
Charles Kader: Boy Scouts continue to play with our tribal cultures (8/25)
Mike Myers: Choosing a path between sovereignty or colonization (8/25)
more headlines...

Home | Arts & Entertainment | Business | Canada | Cobell Lawsuit | Education | Environment | Federal Recognition | Federal Register | Forum | Health | Humor | Indian Gaming | Indian Trust | Jack Abramoff Scandal | Jobs & Notices | Law | National | News | Opinion | Politics | Sports | Technology | World

Indianz.Com Terms of Service | Indianz.Com Privacy Policy
About Indianz.Com | Advertise on Indianz.Com

Indianz.Com is a product of Noble Savage Media, LLC and Ho-Chunk, Inc.