Florida Community Bank Overview and Background Information

Florida Community Bank was founded in 1989 in Fort Lauderdale, Florida. It has since grown to become one of the largest community banks in the state.

Florida Community Bank offers a wide range of financial services, including personal and commercial banking, mortgage lending, and investment services.

The bank has a strong presence in South Florida, with over 50 locations throughout the region.

Florida Community Bank was an American bank based in Weston, Florida, providing consumer and business banking services to communities throughout the state.

The bank was established in 1923, making it the first bank in Collier County. It was later purchased by Bond Street Holdings Inc in January 2010, with over $740 million in capital.

Florida Community Bank continued to expand its branch network through acquisitions of failed banks and organic growth, reaching $9 billion in assets and becoming the fourth-largest independent Florida-based bank with 54 banking centers.

The bank served three of the top four largest Metropolitan Statistical Areas (MSA) in Florida: Orlando, Miami, and West Palm Beach.

Here is a list of the banks acquired by Bond Street Holdings Inc, including Florida Community Bank:

Florida Community Bank has a rich history that spans over 90 years. It was the first bank established in Collier County, with roots tracing back to 1923.

The bank was later purchased by Bond Street Holdings Inc in January 2010, a Weston-based holding company with over $740 million in capital. This acquisition allowed the new Florida Community Bank to leverage its name and presence throughout the state of Florida.

Florida Community Bank continued to expand its branch network through acquisitions of failed banks and organic growth. It serviced three of the top four largest Metropolitan Statistical Areas in Florida: Orlando, Miami, and West Palm Beach.

The bank's growth was impressive, reaching $9 billion in assets and becoming the fourth-largest independent Florida-based bank with 54 banking centers. It's worth noting that Bond Street Holdings also acquired eight additional Florida-based banks as part of its expansion.

Here are the banks acquired by Bond Street Holdings, including Florida Community Bank:

Unfortunately, Florida Community Bank's history came to an end in January 2019, when it was acquired by Synovus Financial.

Florida Community Bank has a presence in 35 locations across South Florida.

The bank was founded in 2009 and has since expanded its services to cater to the growing needs of its community.

Its headquarters is located in Fort Lauderdale, with a strong focus on providing personalized banking services to its customers.

Florida Community Bank offers a range of deposit accounts, including checking, savings, and money market accounts.

The bank's commitment to customer service has earned it a reputation as a trusted and reliable financial institution.

Florida Community Bank was acquired by Synovus Financial Corp. of Georgia for $2.9 billion.

Synovus is now a top five regional bank in the Southeast with $36 billion in deposits and $44 billion in assets.

The merger means Synovus will maintain a substantial presence in Florida, and Florida Community Bank's employees and branches will likely remain intact.

FCB shareholders received 1.055 shares of Synovus common stock for each common share of FCB.

Kent Ellert, CEO and president of FCB Financial Holdings, will become executive vice president of Synovus and serve as its Florida market president.

The stock price of FCB plummeted by 11.74 percent or $6.95 to $52.25 in trading on the Nasdaq.

Synovus is expected to close the acquisition by the first quarter of 2019.

Florida Community Bank has received high marks from customers, with a 4.5-star rating on Google and 4.5-star rating on Yelp.

They have been ranked as one of the top banks in Florida by Bankrate, a leading online bank review site.

Their customer service has been praised for being friendly and helpful, with many customers commenting on their excellent treatment.

They offer a wide range of banking services, including checking and savings accounts, loans, and credit cards.

Their mobile banking app has been praised for being user-friendly and allowing customers to easily manage their accounts on the go.

Their commitment to community involvement has been recognized, with numerous awards and recognitions for their philanthropic efforts.