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Florida's Most Troubled Banks and Thrifts

05/05/08 - 07:09 AM EDT

Philip van Doorn

It's a good thing that the $33 billion Synovus Financial has deep pockets, because transferring First Florida's problems to the larger Synovus Bank of Tampa Bay makes it appear that the latter may need more capital.

Remember, the above is all based on combined March 31 figures, and the situation for Synovus Bank of Tampa Bay may look different at the end of the second quarter. A call to Synovus Financial seeking comment on former First Florida Bank was not returned.




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Philip W. van Doorn joined TheStreet.com Ratings., Inc., in February 2007. He is the senior analyst responsible for assigning financial strength ratings to banks and savings and loan institutions. He also comments on industry and regulatory trends. Mr. van Doorn has fifteen years experience, having served as a loan operations officer at Riverside National Bank in Fort Pierce, Florida, and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a Bachelor of Science in business administration from Long Island University.

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