Mass firings at Coconut Grove Bank

This past week, 19 people were let go from the Coconut Grove Bank without warning.

Apparently the bank is having major financial problems, the poor economy has finally caught up with them. Rumblings going around blame it on bad mortgages, which in the past, they were proud to say they were not a part of.

Senior VP and branch manager Anthony Noboa, was one of the group let go. Noboa is still president of the Grove Chamber of Commerce.

It was a case of a conservative bank making some non-conservative financial choices. The bank claims it needs to "condense branches." Does this mean close? Many just opened.

Where's the government bailout when they need it?