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City National Bank of Florida's new biz, Orrstown Financial downsizes

American Banker

City National Bank of Florida is starting a national capital markets division, Orrstown Financial will close branches in Pennsylvania and Maryland, JPMorgan Chase announces in-store biometric payments and more in this week's banking news roundup.

Florida 41
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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.”. By Katie Kuehner-Hebert.

Florida 91
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Whole Foods Prime Loyalty Program Launches In Florida

PYMNTS

The program is now being offered in Florida and will be expanded to other Whole Food stores during the summer. With promotions and discounts commonplace in the grocery market industry, Whole Food is aiming to use them to go after Amazon shoppers. Organic brands have had a tough time getting U.S.

Florida 113
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Here is The Math Behind the High-Yield Account

South State Correspondent

There have been many a banker who has said they want to offer a high-yield account because the “higher interest expense is just like paying marketing costs.” However, the majority of customers require a referral, a marketing effort and a sales effort to bring them in the door. Not bad, but not great.

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United Community enters new Florida markets with Three Shores deal

American Banker

The Georgia company will expand into central and southern Florida by buying the parent of Seaside National Bank & Trust.

Florida 46
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Making Money When It Rains Iguanas

PYMNTS

But this week, the people of Florida have an unusual rejoinder. Lemons they know how to deal with – the state is the nation’s leading producer of citrus fruits and its third-leading producer of lemons (following California and Texas). We can report, however, that the good people of Florida are extremely inventive. But we can’t.

Florida 192
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Today In Retail: FedEx Concludes ShopRunner Acquisition; Save A Lot Sells 51 Stores To Fresh Encounter

PYMNTS

concluded its previously announced purchase of ShopRunner, while Save A Lot unveiled the sale of 51 stores run by the company in the Tampa, Florida market to Fresh Encounter. Save A Lot, the discount grocery retailer, revealed the sale of 51 stores operated by the firm in the Tampa, Florida market to Fresh Encounter.

Tampa 188