Florida created headaches for the Georgia company during the financial crisis. Increased discipline, and wholesale changes to banking, make the $3 billion purchase of FCB Financial less risky, CEO Kessel Stelling says.
The $2.9 billion deal is the Georgia company's first traditional whole-bank acquisition since 2006. It is also the year's second-biggest bank acquisition.
Avidia Bank in Massachusetts collaborated with Exhibit 'A' Brewing to produce and sell an IPA as part of a plan to boost marketing to small businesses and millennials.