Gibraltar bank loss deepens 154%
Gibraltar bank loss deepens 154% "Gibraltar Private Bank & Trust's losses deepened 154 percent in the fourth quarter in the wake of a regulatory order.
However, the Coral Gables-based bank did reduce its problem loans by 19 percent.
The bank lost $6.6 million in the fourth quarter, which was a step downward from its $2.6 million loss in the third quarter.
One reason: Its expense to reserve for future loan losses increased to $12 million, while it charged off $7.4 million in bad loans."
However, the Coral Gables-based bank did reduce its problem loans by 19 percent.
The bank lost $6.6 million in the fourth quarter, which was a step downward from its $2.6 million loss in the third quarter.
One reason: Its expense to reserve for future loan losses increased to $12 million, while it charged off $7.4 million in bad loans."
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