Bond Street Holdings in Weston, Fla., plans to close four of the 25 branches it acquired from Great Florida Bank in Miami Lakes.
Bond Street filed plans to close the branches just weeks after completing its $42.5 million purchase of Great Florida, according to a report in the South Florida Business Journal. Bond Street did not immediately return a call seeking comment.
The $3.9 billion-asset Bond Street has purchased eight failed banks in recent years. Its deal to buy Atlantic Coast Financial (ACFC) in Jacksonville, Fla., was called off last June when Atlantic Coast shareholders spurned a $13.1 million offer.