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What is Florida Community Bank mean?
Florida Community Bank, also known as FCB, was an American bank based in Weston, Florida that provided consumer and business banking services to communities throughout the state. With roots tracing back to 1923, the legacy Florida Community Bank was the first bank established in Collier County. In January 2010, Florida Community Bank was purchased by Bond Street Holdings Inc, a Weston-based holding company with over $740 million in capital. The acquisition allowed the new Florida Community Bank to leverage its name and presence throughout the state of Florida.
Through acquisitions of failed banks, and organic growth, Florida Community Bank continued to expand its branch network and serviced three of the top four largest Metropolitan Statistical Areas (MSA) in Florida; Orlando, Miami and West Palm Beach. Reaching $9 billion in assets, Florida Community Bank had grown to become the fourth-largest independent Florida-based bank with 54 banking centers.
In addition to the purchase of Florida Community Bank, Bond Street Holdings also acquired eight additional Florida-based banks which include Premier American Bank, Peninsula Bank, Sunshine State Community Bank, First National Bank of Central Florida, Cortez Community Bank, Coastal Bank, First Peoples Bank, and Great Florida Bank.
January 2019 Florida Community Bank was acquired by Synovus Financial.
referencePosted on 05 Dec 2024, this text provides information on Miscellaneous in Banking related to Banking. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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