Calling the move "depressing," Chairman Ken LaRoe said the decision to stop working with medical marijuana firms came after certain investors objected. Recent moves by the federal government cemented the call. ... Read full article
United will pay $130 million for NLFC Holdings, the parent company of Navitas Credit. ... Read full article
Rita Lowman recently joined the bank from C1 Financial, where she had been chief operating officer. ... Read full article
The planned purchase of Home BanCorp will nearly double the size of First Citizens' branch network in the Sunshine State. ... Read full article
The company, which had recently expressed confidence that the issue would be resolved, agreed last month to buy a bank in Florida. ... Read full article
The deal includes roughly 120 client relationships. Employees in CenterState's trust department will join Cypress Trust. ... Read full article
The $32 million purchase of Sunshine Financial will provide First Bancshares with its first branches in Tallahassee, Fla. ... Read full article
The expected refund is tied to loans that investors bought when they acquired the failed BankUnited in 2009. ... Read full article
The $528 million acquisition ends months of speculation that the foreign-owned banks were pursuing a deal. ... Read full article
FCB will pay $88 million in cash and stock for Floridian in a deal that will boost its operations near Miami. ... Read full article
The company, which counts veteran banker Jay Sidhu among its investors, is selling to Ameris for $145 million in cash and stock. ... Read full article
The company, which recently bought Sabadell United in Miami, is pledging to make billions of dollars in mortgages and small business loans in low- and moderate-income communities. ... Read full article
Strong loan growth at the Miami Lakes, Fla., company more than offset an increased loan-loss provision tied to Hurricane Irma and continued weakness in taxi medallion lending. ... Read full article
A planned spinoff, combined with several new ventures, should help BankMobile turn the corner, says Luvleen Sidhu, the digital-only bank's president. ... Read full article
The Louisiana company also set aside funds to cover efforts to settle litigation tied to its mortgage business. ... Read full article
You thought love triangles were complicated. The CEO of Sunshine Bancorp in Florida spoke with nine banks about buying the converted mutual while eyeing three possible acquisitions. The company sold to a buyer that bought another bank at the same time. ... Read full article
Mark Thompson had previously been a CenterState regional president overseeing the south Florida market. ... Read full article
The Florida bank started researching the business after Ken LaRoe, its chairman, saw how medical marijuana had helped his wife cope with a severe injury. First Green is now turning a profit a year after adding its first pot-related client. ... Read full article
Florida and Texas are normally major sources of mergers, but bankers in those states likely will take a break to assess damage from the hurricanes before returning to dealmaking. ... Read full article
David Dotherow, CEO of the newly formed Winter Park National Bank, stresses the need for strong management and a straightforward business plan when applying for a charter. ... Read full article
