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June 21, 2018

Banking & Finance

City National Bank completes purchase of TotalBank

The combination creates the third largest Florida bank Read more »
Published on 6/19/2018

Rent-A-Center to be Acquired by Vintage Capital for $15.00 Per Share in Cash

Transaction Consideration of Approximately $1.365 Billion -- Provides Significant Cash Premium to Rent-A-Center Stockholders Read more »
Published on 6/19/2018

VyStar Credit Union Moving Corporate Headquarters Downtown Jacksonville

Brian E. Wolfburg, President/CEO of VyStar Credit Union, announced today that VyStar's Corporate Headquarters, currently located at 4949 Blanding Boulevard, will move to 76 S Laura Street in Downtown Jacksonville. Built in 1989, the tower has 23 floors and provides over 380,000 square feet of office space. The building, currently known as the SunTrust Tower, will be renamed the VyStar Tower after closing. Read more »
Published on 6/7/2018

Florida Credit Union Reaches $1 Billion in Assets

Florida Credit Union is proud to announce that it has exceeded $1 billion in assets; a major milestone achieved ahead of expectations in February of this year. Read more »
Published on 3/29/2018

A Pretty Penny: Business Profile of Kyle Taylor and Penny Hoarder

Seven years ago, Kyle Taylor had five digits' worth of debt. Since then, he has converted a personal blog about scrimping into a company approaching $40 million in annual revenue. Read more »
Published on 2/27/2018

Early-Stage Mortgage Delinquencies Dip Again in November as Hurricanes' Impact Wanes

Transition Rates for 60-Day and 90-Day Delinquency Rose Sharply in Texas and Florida Likely Due to 2017 Hurricanes Read more »
Published on 2/14/2018

Mike Jackson of Autonation to chair the Federal Reserve Bank of Atlanta board of directors

Mike J. Jackson, chairman, chief executive officer, and president of AutoNation Inc., has been appointed chair, and Myron A. Gray, president of U.S. operations of United Parcel Service (UPS), has been appointed deputy chair of the Federal Reserve Bank of Atlanta's board of directors. Their one-year terms begin January 1, 2018. Read more »
Published on 1/11/2018

First Citizens Bank and HomeBancorp, Inc. Announce Merger Agreement

RALEIGH, N.C., and TAMPA, Fla. - First-Citizens Bank & Trust Company (known as First Citizens Bank) and HomeBancorp, Inc. announced the signing of a definitive merger agreement. HomeBancorp, Inc. provides retail banking, SBA, USDA and commercial mortgage loan products and services through its subsidiary, HomeBanc. Read more »
Published on 12/20/2017

The state of finance in Florida

BANKING UPDATE: Consolidation Is Hot; Deregulation Is Not Read more »
Published on 9/28/2017

CenterState Banks, Inc. Announces Acquisitions to become Florida's Largest Community Bank

-- CenterState Banks, Inc.(Nasdaq-GS:CSFL), the parent company of CenterState Bank, N.A., announced today the concurrent signing of two separate definitive merger agreements: under one agreement, CenterState will acquire HCBF Holding Company, Inc. ("Harbor"), the parent company of Harbor Community Bank, Ft. Pierce Florida; and under the other agreement, CenterState will acquire Sunshine Bancorp, Inc. ("Sunshine"), the parent company of Sunshine Bank, Plant City, Florida. Upon completion of each merger, the subsidiary bank of each of Harbor and Sunshine will merge into CenterState Bank. Read more »
Published on 8/23/2017

Valley National Bancorp to acquire USAmeriBancorp in $816 million deal

In a merger of two banks with a similar focus on personal service and community involvement, Valley National Bancorp (“Valley”) (NYSE:VLY) announced today that it is expanding its Florida presence and moving into Alabama by acquiring USAmeriBancorp, Inc. (“USAB”) (OTC Pink: USAB). Read more »
Published on 7/26/2017

USF Federal Credit Union and West Coast Federal Employees Credit Union Announce Merger

West Coast Federal Employees Credit Union (WCFECU), in Sarasota, Florida, has merged with USF Federal Credit Union (USF FCU) in Tampa. The combined financial institutions have more than $600 million in total assets and over 62,000 members. The merger allows USF FCU to deliver its financial products and services to members in Sarasota and Manatee County. Read more »
Published on 7/7/2017

Card games: Fattmerchant chips away at credit card fees

Suneera Madhani is a 30-year-old millennial, a new mom — and the founder of a 3-year-old Orlando company that aims to be the Netflix or Uber of the credit-card processing. Read more »
Published on 6/28/2017

KPMG breaks ground on $400 million facility in Lake Nona; plans to hire 330 statewide

U.S. audit, tax, and advisory firm KPMG LLP broke ground on new $400 Lake Nona facility; announces plan to hire 330 in Florida Read more »
Published on 5/22/2017

Seacoast to acquire NorthStar Banking Corporation

Addition of $212 million-asset bank will strengthen Seacoast's position in Tampa Bay, Florida's 2nd largest MSA. Read more »
Published on 5/18/2017

Small Business Defaults in Florida Unchanged in March

PayNet, the premier provider of credit ratings on small businesses, announces that in March 2017, the percentage of Florida's small businesses defaulting on loans has not changed. Of the 18 major industries, 9 improved and 9 worsened. Read more »
Published on 5/11/2017

FNFV Announces Sale of One Digital for $560 Million

Fidelity National Financial, Inc. today announced that FNFV Group (NYSE: FNFV) has signed a definitive agreement to sell One Digital Health and Benefits ("One Digital") for $560 million in an all-cash transaction. Read more »
Published on 5/8/2017

Patriot Bank Enters into Definitive Agreement to Join National Commerce Corporation

National Commerce Corporation (Nasdaq:NCOM) (“NCC”), the parent company of National Bank of Commerce (“NBC”), headquartered in Birmingham, Alabama, and Patriot Bank, headquartered in Trinity, Florida, jointly announced the signing of a definitive agreement providing for the merger of Patriot Bank with and into NBC. Read more »
Published on 4/25/2017

U.S. Forecast: How Will Economy Fare on Mr. Trump's Wild Ride

Just a few turbulent weeks into President Donald Trump's administration, forecasters' fears of a recession continue to decrease, according to the latest U.S. forecast from the Institute for Economic Competitiveness at UCF College of Business. Read more »
Published on 3/8/2017

IBERIABANK Corporation Announces Agreement to Acquire Sabadell United Bank, N.A.

Significantly strengthens franchise in Florida, which will become IBERIABANK Corporation's largest state by deposits Read more »
Published on 3/1/2017

CFO Atwater Announces Future Plans

Florida's Chief Financial Officer Jeff Atwater anounced today that following the 2017 Legislative Session he will be accepting the position of Vice President of Strategic Initiatives and Chief Financial Officer of Florida Atlantic University. Read more »
Published on 2/10/2017

States sorted by credit card debt burden

The Sun Belt isn't so bright for debtors: Florida, Texas, Georgia and New Mexico have four of the nation's five highest credit card debt burdens, according to a new CreditCards.com analysis. Read more »
Published on 12/22/2016

Broken bond: Miami is only municipality the SEC has sued twice

Ongoing securities violations makes Miami the only municipality the SEC has sued twice. Read more »
Published on 11/28/2016

Profile of ‘Bundl' -- software that tracks political fundraising

A little over two years ago, on an early spring morning in Tallahassee, not long after Florida lawmakers had fled the city following the end of the annual legislative session... Read more »
Published on 10/26/2016

Eleventh Circuit Court Of Appeals Reverses Judgment Against BBX Capital And Alan B. Levan

BBX Capital Corporation announced today that it has won its appeal in the Eleventh Circuit Court of Appeals in the action brought against the Company and Alan Levan by the SEC. Read more »
Published on 9/30/2016

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Scam nearly puts South Florida shoe company out of business
Scam nearly puts South Florida shoe company out of business

A South Florida entrepreneur who claimed he was scammed out of about $15,000 worth of merchandise is warning others and asking any potential victims to come forward. 

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