Why smart financial professionals are embracing blockchain and cryptocurrencies

(Courtesy of Jacksonville Business Journal) Blockchain is a game-changer for professionals in financial services. Ignoring it would be like clinging tenaciously to your abacus in the face of computers armed with electronic spreadsheets in the early ’80s. This smart, decentralized, trusted and highly-encrypted network is already changing the face of business for financial professionals. Now … Continue reading Why smart financial professionals are embracing blockchain and cryptocurrencies

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National Commerce Corp. talks FirstAtlantic acquisition

(Courtesy of Jacksonville Business Journal) National Commerce Corporation (Nasdaq: NCOM), the Alabama-based parent company of the National Bank of Commerce, held a conference call with investors Thursday about its definitive agreement to acquire Jacksonville-based FirstAtlantic Financial Holdings, Inc.(OTCQX: FFHD), parent company of FirstAtlantic Bank. "We're very excited about the FirstAtlantic management team, the franchise they … Continue reading National Commerce Corp. talks FirstAtlantic acquisition

Wells Fargo shuttering hundreds of branches as customers embrace mobile banking

(Courtesy of Jacksonville Business Journal) Wells Fargo plans to close 450 of its almost 6,000 branches nationwide as it cuts costs and adjusts to more customers banking outside a branch. The bank, led by CEO Tim Sloan, said it cut 93 branches in the first half of this year, with more than half of those … Continue reading Wells Fargo shuttering hundreds of branches as customers embrace mobile banking

It’s official: TIAA completes acquisition of EverBank

(Courtesy of Jacksonville Business Journal) TIAA notified the Securities and Exchange Commission on Friday that the acquisition of EverBank Financial Corp. and EverBank has been finalized. The filing comes after the Federal Reserve Board approved the transaction June 7.   The EverBank Center in Downtown Jacksonville. The New York-based financial services company, a leader in … Continue reading It’s official: TIAA completes acquisition of EverBank

Bank in Jacksonville makes most profitable list

(Courtesy of Jacksonville Business Journal) BankUnited once again becomes the most profitable bank in the state of Florida, despite its profit declining from the previous quarter. The Miami Lakes-based bank reported a profit in the first quarter in 2017 of $66.2 million, moving ahead of Raymond James Bank, which had been the most profitable bank … Continue reading Bank in Jacksonville makes most profitable list