Hovde Group

Investors buy bank’s portfolio

Investors buy bank’s portfolio

While work crews have appeared outside the closed Helen Back Again restaurant along U.S. Highway 98, Navarre residents are not likely to see a new business opening there anytime soon. Recent sale of the property has only landed it back on the market for a tenant or buyer, but the property’s story paints a much […]

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 […]

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 […]