Southeast Banking Corporation
From Infogalactic: the planetary knowledge core
Southeast Banking Corporation was a holding company in Miami, Florida, United States, with two subsidiary banks, Southeast Bank N.A. in Miami (which was founded as First National Bank of Miami in 1902 and changed its name to Southeast Bank in 1969) and Southeast Bank of West Florida in Pensacola. It was liquidated in 1991 by the Federal Deposit Insurance Corporation using a new procedure called "loss sharing".[1]
First Union Corporation, which took over the bank in liquidation, merged with Wachovia in 2001 and is now part of Wells Fargo.
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