April 23, 2024
Banking & Finance
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
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.
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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.
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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.
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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...
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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.
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Published on 9/30/2016
Fixing income inequality in Florida
Florida Trend asked a group of Florida leaders and experts for their ideas about how to address the gap that's been growing for 30 years between the wealthy and the rest of America.
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Published on 9/28/2016
Tax tips for small businesses and high net worth Floridians
We interviewed financial advisors around the state and asked them the best financial moves for small-business owners and high net worth individuals to cut taxes. Interviewed are:
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Published on 9/28/2016
Florida ranks #43 in the 'Best (and Worst) States for Families to Live a Richer Life' survey
Is there a place in America where families can have it all — high income, job security, safe neighborhoods, affordable child care and a good education?
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Published on 8/16/2016
Everbank and TIAA to merge
Today, we are excited to announce that EverBank has entered into a formal agreement to be acquired by TIAA. This is a momentous day for our company, our clients and our associates, as we are uniting with one of the largest and most respected financial services companies in the country.
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Published on 8/8/2016
Inequality: The ‘prosperity gap' in Miami
A loss of higher-paying jobs, and a variety of rising economic barriers threatens mobility and equity.
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Published on 7/27/2016
EverBank Financial Corp announces second quarter 2016 financial results
The Company also announced today that as a result of an ongoing review of its strategic alternatives it is in advanced negotiations with a well-respected financial services company regarding a transaction in which EverBank Financial Corp would be acquired and EverBank Financial Corp's common stockholders would receive $19.50 per share in cash.
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Published on 7/26/2016
Gov. Scott activates Emergency Bridge Loan Program for small businesses affected by algal blooms
Today, Governor Rick Scott activated Florida's Small Business Emergency Bridge Loan Program for businesses affected by the presence of algal blooms in local waterways.
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Published on 7/14/2016
Data Mine: Key economic indicators show Florida's economy is strong
Key economic indicators -- nonfarm payroll employment, average hours worked in manufacturing, the unemployment rate, and wage and salary disbursements deflated by the consumer price index -- show Florida's economy is strong.
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Published on 7/11/2016
