Two South Florida banks were slapped with regulatory enforcement actions in May, among 53 banks nationwide, the Federal Deposit Insurance Corp. announced on Friday.

First Bank of Miami, based in Coral Gables, and Dania Beach-based Community Bank of Broward each agreed to consent orders, without admitting or denying charges of unsound banking practices or violations of law or regulation. They are among dozens of Florida banks that remain under regulatory action.

First Bank of Miami’s 33-page order cites such issues as asset quality, management effectiveness, earnings, capital, and sensitivity to market risk, in addition to compliance with the Bank Secrecy Act.

Ken Thomas, a Miami-based economist and independent banking consultant, called the order an “8” on his “Enforcement Action Richter Scale,” saying he has “not seen one so long or strong in some time.”

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http://www.miamiherald.com/2012/06/29/2875191/banks-in-gables-dania-face-regulatory.html