August 15, 2018
Banking & Finance
CFO Jimmy Patronis: State Debt Reduction Another Positive Sign for Florida's Economy
CFO Jimmy Patronis: State Debt Reduction Another Positive Sign for Florida's Economy
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Published on 8/15/2018
First Bancshares, Inc. Announces the Acquisition of FMB Banking Corporation
The First Bancshares, Inc., holding company for The First, A National Banking Association, announced today the signing of an Agreement and Plan of Merger with FMB Banking Corporation, parent company of Farmers & Merchants Bank, pursuant to which First Bancshares has agreed to acquire 100% of the common stock of FMB in a combined stock and cash transaction.
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Published on 7/26/2018
Synovus to Acquire FCB Financial Holdings, Inc. for $2.9 Billion
Creates Premier Southeast Regional Bank with $36 Billion in Deposits and $44 Billion in Assets
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Published on 7/24/2018
CFO Jimmy Patronis: Florida Needs Cryptocurrency Oversight
lorida Chief Financial Officer (CFO) Jimmy Patronis today released a statement on the need for Florida to provide oversight of the growing industry of cryptocurrency by creating a statewide cryptocurrency chief.
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Published on 6/27/2018
Moody's upgrades Florida's GO to Aaa, leases to Aa1/Aa2 and lottery to Aa3; outlook stable
Moody's Investors Service has upgraded Florida's general obligation (GO) rating to Aaa from Aa1. We have also upgraded the Department of Management Services facilities pool revenue bonds and certificates of participation to Aa1 from Aa2, and the Department of Children and Families certificates of participation to Aa2 from Aa3, which are all notched off the state's GO rating.
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Published on 6/22/2018
City National Bank completes purchase of TotalBank
The combination creates the third largest Florida bank
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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
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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.
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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.
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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.
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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
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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.
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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.
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Published on 12/20/2017
The state of finance in Florida
BANKING UPDATE: Consolidation Is Hot; Deregulation Is Not
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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.
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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).
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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
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Published on 3/1/2017
