Florida

The Federal Deposit Insurance Corp. has reached a settlement with former executives at the failed LandMark Bank of Florida.

PSCU's Third Annual KnockOut started with some 30 teams comprised of 150 competitors from 11 credit unions. After an intense 24-hour bout, team Tech Attack's balance-transfer app solution was victorious.

The Louisiana company agreed to buy Florida Bank Group in a deal that will allow it to enter Jacksonville, Tallahassee and Tampa. It is the latest deal for a bank that has been an aggressive acquirer this year.

The Seminole Tribe of Florida has agreed to buy Mackinac Savings Bank in Boynton Beach, Fla.

ST. PETERSBURG, Fla. — Six semi-finalists have been selected in PSCU's 2014 KnockOut Innovation Summit.

Capital Bank Financial shares a problem with other investor-backed companies built to make a lot of bank acquisitions: their stocks trade at low premiums because they are overcapitalized, but they are unable to deploy their capital in M&A deals because of those low stock values.

Fitch Ratings has downgraded the U.S. residential mortgage servicer rating of EverBank Financial in Jacksonville, Fla., despite servicing-operations changes that are expected to improve its performance.

MEDLEY, Fla. — With almost no public transportation in its service area, Compass Financial FCU realized it needed to do more than just give its members an auto loan. The CU also needed to help members keep their cars on the road.

If anybody deserves to tell a "Gee, my arms are tired" joke, it's Bob Barnes of Mainstreet Community Bank of Florida, who spent the month of August doing push-ups to raise money for a community group that provides food and shelter for people in need.

Lennar Homes and RBC Bank have formalized their unofficial agreement to help provide mortgages to Canadians buying homes in Southwest Florida.

The company is opening high-tech loan production offices and using data analytics to match customers with products. But like other banks seeking to modernize, Seacoast is trying to balance short-term needs with costly long-term investments.

Stonegate Bank in Pompano Beach, Fla., has agreed to buy Community Bank of Broward in Dania Beach, Fla.

Bank of America has given Thomas Montag the full title of chief operating officer, while David Darnell will move away from headquarters in Charlotte, N.C., and become vice chairman.

TAMPA, Fla. — Grow Financial Federal Credit Union wanted a technology tool that captures results and interest so it invested in teller capture solutions.

C1 Financial, a $1.4 billion-asset company in St. Petersburg, Fla., raised $45 million today from its initial public offering.

CenterState Banks in Davenport, Fla., plans to close additional branches from a recent acquisition.

Paula Johannsen was the most-active financial adviser at midyear with six mergers under her belt. In a wide-ranging interview, she discusses Florida M&A, compliance delays and the reasoning behind mergers of equals.

TALLAHASSEE, Fla. — As the NCUA mulls member business lending risk weights for its final risk-based capital rule, the head of one credit union service organization contends that the agency needs to consider weighting more by product type than percentage of the portfolio.

Ocean Bank in Miami has signed a three-year agreement to put its name at the top of Florida International University's football stadium.

JACKSONVILLE, Fla. — The boards of Duval Federal Credit Union and 121 Financial Credit Union have agreed to merge late this year, subject to approval by their memberships and regulators, the FCUs jointly announced.