Beach Community Bancshares Inc.

Founder Hughes terminated from Beach Community Bank

Founder Hughes terminated from Beach Community Bank

After being removed from the CEO seat in July, founder of Beach Community Bank Tony Hughes was terminated from employment with the bank Aug. 31. Charles “Chip” Reeves took over as CEO for the bank in July after Hughes became the bank’s Northwest Florida Market president. Read the full article in the Sept. 13 issue […]

Hughes out as Beach Community Bank CEO

Hughes out as Beach Community Bank CEO

Takes on new role as NWFL Market President Charles “Chip” Reeves is the new CEO for Beach Community Bank and he is optimistic about the bank’s future after a $100 million capital raise by bank investment group, Hovde Group, LLC. The Hovde Group is based out of Inverness, Illinois, and they specialize in mergers and […]

Beach Community Bancshares bankrupt; bank to be sold

Beach Community Bancshares bankrupt; bank to be sold

Following more than a decade of delinquent loans, capital deficiencies and poor bank ratings, Beach Community Bank will soon be under new ownership as the bank’s holding company, Beach Community Bancshares, Inc., has filed for bankruptcy. According to the documents filed in the Northern District of Florida United States Bankruptcy Court, the bank will shift […]