Florida

OUR Community Bank would focus on small-business loans with an emphasis on underserved Hispanic and Latino communities in South Florida.

Surety's first online bank, booyah, is aimed at college students and young grads.

Ernest Pinner, who co-founded the Florida company in 1999, will become non-executive chairman in January.

The Miami unit of Chile’s Banco de Credito e Inversiones is acquiring Executive National Bank. It bought Miami's TotalBank last year.

After investing in a payments CUSO earlier this year, the Florida-based credit union is looking for additional opportunities to work with fintechs.

The Florida banks had spent years addressing credit quality and capital issues.

First Commerce Credit Union's agreement to buy Citizens Bank brings to 14 the number of deals this year in which a credit union is buying a bank.

First Commerce Credit Union's agreement to buy Citizens Bank is the 14th credit union-bank deal of the year.

An increase in credit union acquisitions of banks has been a blow to the morale of many commercial bankers, and some of their trade organizations are trying to slow down the trend. There may be little they can do.

The industry has taken some steps to lower barriers to affordable housing, but some observers say that more can be done.

Organizers of Silver River Community Bank must raise $17 million before opening.

Miami’s mass transit system is adding contactless card payments on its Metrorail service as it combats ridership decline.

Professional Bank and Marquis Bank, both of Coral Gables, have been competing against each other for more than a decade. Now they are merging in hopes of landing larger clients and making better use of technology being developed in Professional's innovation lab.

The companies said the merger will provide scale and help them update technology more efficiently.

The Jacksonville, Fla.-based credit union is the initial investor in PayverisCU, which will help members with financial wellness and money management.

State regulator Ron Rubin had been asked to resign in May over a sexual harassment complaint, but he attempted to fight the allegations.

Total loan volumes at institutions in both states increased by more than 1%, far above the national rate.

The Mississippi company has agreed to buy First Florida Bancorp in Destin, Fla., as part of its plan to build a community bank stretching across the Gulf region.

The lawsuit claims that the Jacksonville, Fla.-based credit union charged members multiple non-sufficient-funds fees on the same item.

With the industry continuing to consolidate, credit unions must address mergers in their strategic planning sessions so they are ready to be on either side of the deal when the opportunity arises.