The company said it recorded a large loan-loss provision in the second quarter to reflect Coex Coffee International's pending liquidation.
John Corbett says building scale, lowering costs and strengthening technology offerings have become more critical for banks to stay competitive.
Chuck Shaffer will take the helm in January, becoming the first leader outside of the Hudson family since the bank's formation in 1926.
Organizers of Coastal Community Bank withdrew their application after the pandemic disrupted efforts to raise capital.
Organizers of Coastal Community Bank must raise $19.5 million before opening.
The Georgia company will expand into central and southern Florida by buying the parent of Seaside National Bank & Trust.
The outbreak and a free fall of oil and stock prices are rattling bankers at this year's ICBA gathering in Orlando, Fla.
The companies spent much of the past decade completing smaller deals that created complementary footprints in the Southeast.
Organizers of Gulf Atlantic Bank must raise $12 million in capital before opening.
Kenneth Lehman, a former banking attorney who acquires large stakes in small banks, will buy BankFlorida, which lost $555,000 through the first nine months of 2019.
