GuideWell and One Spark team up for innovation in health care

(Courtesy of Jacksonville Business Journal) Darnell Smith, Florida Blue   One Spark 2018 will host 150 innovators at Daily's Place Amphitheater Apr. 6 and 7. The creators will compete within four categories: education, technology, social and health care. A crowd favorite and "Spark Tank" winner will be chosen from each group. GuideWell Innovation, a subsidiary … Continue reading GuideWell and One Spark team up for innovation in health care

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US Congress moves to roll back bank rules

(Courtesy of Jacksonville Business Journal) The US Congress took a step towards the biggest rollback of banking regulation since the financial crisis as lawmakers began debating legislation that critics say is a gift to Wall Street and supporters sell as relief for small banks. Nearly a decade since the nadir of the mortgage meltdown, Republicans … Continue reading US Congress moves to roll back bank rules

First Tennessee acquisition will bring products, talent to Jax

(Courtesy of Jacksonville Business Journal) First Horizon National Corporation (NYSE: FHN), parent company of First Tennessee Bank, completed its acquisition of Capital Bank Financial Corp. (Nasdaq: CBF) Friday. First Horizon announced the $2.2 billion acquisition in May. The merger will give First Horizon approximately $40 billion in assets, $32 billion in deposits, $27 billion in … Continue reading First Tennessee acquisition will bring products, talent to Jax

Atlantic Coast Bank, one of last locally owned banks, acquired for $145 million

(Courtesy of Jacksonville Business News) Ameris Bancorp (Nasdaq: ABCB), the parent company of Ameris Bank, announced Friday an agreement to acquire Atlantic Coast Financial Corporation (Nasdaq: ACFC), parent company of Jacksonville-based Atlantic Coast Bank. Atlantic Coast operates 12 banking locations across Jacksonville; Waycross, Georgia and Douglas Georgia. The bank held $1.5 billion in deposits. Ameris … Continue reading Atlantic Coast Bank, one of last locally owned banks, acquired for $145 million

The end of local banks in Jacksonville – Why this might matter to customers

(Courtesy of Jacksonville Business News)    FirstAtlantic agreed to an acquisition in August. The Jacksonville area has seen a mass exit of locally owned and operated banks over the last 15 years through closures and acquisitions. A dozen local banks in Northeast Florida have closed or been acquired since 2002, Federal Deposit Insurance Corporation records … Continue reading The end of local banks in Jacksonville – Why this might matter to customers