BankFirst of Winter Park, Fla., has agreed to acquire Commercial Bancorp Inc. of nearby Ormond Beach.
Commercial Bancorp is the parent of the $89.4 million-asset East Coast Community Bank.
The $605.5 million-asset BankFirst will pay an undisclosed amount of cash and stock to Commercial Bancorp shareholders, according to a Wednesday press release. The purchase should be completed in the second quarter.
From the war in Iran to reviving the American Dream, the CEO of JPMorganChase has a lot on his mind. Here are five takeaways from his message to shareholders.
A federal appeals court has agreed to rehear a challenge to a Colorado law intended to combat "rent-a-bank," arrangements that would impose Colorado's interest rate caps on certain out-of-state banks.
The White House's proposed 2027 budget would slash funding to the Community Development Financial Institutions Fund, the latest in an ongoing campaign from the Trump administration to dismantle the politically popular program.
Mortgage rates rising nearly 40 basis points from early-year lows have pushed some buyers out of the market, even as inventory and affordability remain better than a year ago, ICE Mortgage Technology found.
American Banker's 2026 AI Talent Shift survey finds that most institutions upped spending on artificial intelligence by at least 10% over the last year.
Tech overhauls aren't easy, financial tech experts say it's necessary to compete effectively with digital-focused firms.
