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$175M Acquisition Turns Community Bank Into Fintech Player

Bank Innovation

Community banks can also play the fintech game. BankMobile — the digital bank, formerly a division of Customers Bancorp Inc. — was acquired by Flagship, a Florida-based community bank, for $175 million. “We We are no longer a partner or a division of […].

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A digital-first bank for south Florida

Independent Banker

Banking veteran Keith Costello cofounded Locality Bank, where he serves as president and CEO, to champion for south Florida small businesses financially affected by the pandemic. After looking at the consolidation in our market, we concluded that the lack of community banks was the reason.”. Filling a need.

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EverBank in Florida to acquire Michigan bank

ABA Community Banking

EverBank in Jacksonville, Florida, agreed to buy Sterling Bank and Trust in Southfield, Michigan, in an all-stock deal valued at $261 million. The post EverBank in Florida to acquire Michigan bank appeared first on ABA Banking Journal.

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Podcast: How a Latin American banking franchise is growing in South Florida

ABA Community Banking

Banesco USA Cali Garcia-Velez discusses how he and his team are growing a Latino banking franchise in South Florida. The post Podcast: How a Latin American banking franchise is growing in South Florida appeared first on ABA Banking Journal.

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Best Community Banks to Work For 2022

Independent Banker

.; Bank of Montana, Missoula, Mont.; CNB Bank, Berkeley Springs, W.Va.; Midwest Bank, Norfolk, Neb. In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. What great resignation?

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ABA to donate $50k to Hurricane Milton relief efforts in Florida

ABA Community Banking

ABA will donate $50,000 to help aid recovery efforts in Florida in the wake of Hurricane Milton. The post ABA to donate $50k to Hurricane Milton relief efforts in Florida appeared first on ABA Banking Journal. Announcement follows similar donations to relief efforts in North Carolina and Tennessee following Hurricane Helene.

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How sports became central to this Florida bank's identity

American Banker

Amerant in Coral Gables has relied on partnerships with South Florida athletic franchises to build brand awareness and help ease its expansion in Tampa.

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