Over time, as it finally returned to profitability, TransAtlantic Bank ended 2009 in high spirits. While being a subsidiary of Spanish banking giant Banco Sabadell, it claimed net income of $2.9 million during the fourth quarter. As noted by its Federal Financial Institutions Examination Council filing, they sew a net loss of $812,000 in the quarter before that. Athough it had a $2.3 million loss that... 
As they noticed declining values of its problem loans, Grand Bank & Trust of Florida experiences three times the losses during their fourth quarter compared to the quarter before that. As noted in its filing with the Federal Financial Institutions Examination Council, The West Palm Beach-based bank saw, in their last quarter, a net loss of $1.5 million. Although this was high, it was down from a... 