Jacksonville insurance company announces merger with American Family Insurance

(Courtesy of Jacksonville Business News)     The Main Street America Group, based in Jacksonville, plans to merge with American Family Insurance, the 13th largest property/casualty insurance group in the nation, the companies announced on Friday. The board of directors of both Main Street and American Family have approved the merger, which does not involve … Continue reading Jacksonville insurance company announces merger with American Family Insurance

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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

Vale megadeal puts Morgan Stanley, Bradesco at the top of Brazil M&A

(Courtesy of Reuters.com) Morgan Stanley (MS.N) and Banco Bradesco BBI SA topped Brazil's mergers and acquisitions rankings in the first quarter, buoyed by advisory roles in the $21 billion corporate reorganization of Vale SA (VALE5.SA), the world's No.1 iron ore producer. New York-based Morgan Stanley and Bradesco BBI, the investment-banking arm of Brazil's No. 3 … Continue reading Vale megadeal puts Morgan Stanley, Bradesco at the top of Brazil M&A