Wells Fargo local market presidents discuss what they learned during a challenging year 

(Courtesy of Jacksonville Business News) Wells Fargo market presidents discussed the changes the bank has made to its culture after a year of scandals, including the revelation that 3.5 million customer accounts had been created without customers' approval. Wells Fargo (NYSE: WFC) will not remember 2017 fondly. During the last year, a third-party investigation revealed … Continue reading Wells Fargo local market presidents discuss what they learned during a challenging year 

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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

Here’s where bankers see the best chances to grow loans in Florida

(Courtesy of Jacksonville Business Journal)     If the economic recovery in Florida were a baseball game, many of the state’s bankers believe the game is in the middle innings, but there’s a growing number who foresee the recovery drawing to a close. That’s a key takeaway from a Raymond James & Associates survey of … Continue reading Here’s where bankers see the best chances to grow loans in Florida

The strategy behind the Atlantic Coast Bank acquisition

(Courtesy of Jacksonville Business News Ameris Bancorp, parent company of Ameris Bank, announced an agreement Friday to purchase Jacksonville-based Atlantic Coast Financial Corporation, parent of Atlantic Coast Bank, for $145 million. Ameris (Nasdaq: ABCB) had more than $1 billion in Jacksonville-area deposits before the acquisition, giving them 1.71 percent market share, according to FDIC data … Continue reading The strategy behind the Atlantic Coast Bank acquisition

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