News Topic: florida
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Small bank takes stake in robo advisor to reach the mass affluent
First Foundation to enter Florida with purchase of Naples community bank
Florida de novo to open in June
VyStar shrugs off community bank concerns, stays focused on growth
Jax FCU in Florida hires 22-year Neighbors veteran as CEO
Achieva Credit Union surpasses $2 billion-asset mark
The Dunedin, Fla.-based institution reported an 18.8% surge in assets last year, along with substantial growth in commercial lending, thanks in part to the Paycheck Protection Program. ]] ... Read full article
Pen Air's new CEO no stranger to the corner office
The Pensacola, Fla.-based credit union's newest chief executive has helmed two other CUs over the course of more than two decades in the industry. ... Read full article
Charter expansion lets FiCare FCU reach all Florida health care workers
A recently approved TIP charter, the latest in a series of growth initiatives over the last five years, will allow the Tampa-based credit union to serve anyone working in the medical field statewide. ... Read full article
Theft charges earn lifetime ban for two former credit union employees
The credit union regulator's first prohibitions of 2021 relate to misuse of member funds at institutions in Alaska and Florida. ... Read full article
Florida group looks to form bank
Waterfall Bank, which has ties to an investment group that handles affairs for family offices, would be based in the Tampa Bay area. ... Read full article
Florida's SunState FCU to rebrand following charter conversion
The Gainesville, Fla.-based credit union has converted from a federal to a state charter and will debut its new brand identity early next month. ... Read full article
Achieva Credit Union lands fourth merger in 10 years
Coast 2 Coast Financial Credit Union has agreed to join the Florida-based Achieva, which previously acquired two community banks. ... Read full article
Florida bank that went global to survive eyes growth at home
Anchor Bank in Palm Beach Gardens was rescued by Bolivian investors after the financial crisis and began catering to South American clientele. Now it has agreed to buy a Broward County bank, setting the stage for its long-awaited, in-market expansion. ... Read full article
Regulators close Florida bank in third failure of 2020
First City Bank of Florida had suffered “longstanding capital and asset quality issues” that were unrelated to the pandemic, the FDIC said. ... Read full article
Group with ties to Michigan brokerage firm applies to form a bank
The proposed Multi-Bank shares an address with the Fort Lauderdale, Fla., office of Multi-Bank Securities. ... Read full article
Organizers propose 'values-based' bank in Florida
Climate First Bank, which would be led by veteran banker Ken LaRoe, would offer loans to help individuals and organizations make environmentally sound decisions. ... Read full article
Retired Vantage West CEO takes over at We Florida Financial
Robert D. Ramirez has accepted the top job at the South Florida credit union as it attempts to turn around following a steep decline in earnings and a jump in charge-offs. ... Read full article
Florida trust company applies to become a state-chartered bank
Cypress Trust Co. has requested deposit insurance from the Federal Deposit Insurance Corp. ... Read full article
Few companies have tapped the Fed's Main Street program
Just eight loans had been made as of late July, six of them through a single community bank in Florida, according to new data on the federal rescue program for small and midsize companies hurt by the pandemic. ... Read full article