NEW YORK - Crossland Federal Savings Bank said it completed the sale of nine Florida branches to Republic Bank of Clearwater, Fla. The sale ends Crossland's retail banking operation in Florida and will enable the thrift to focus its resources more efficiently in the New York City area, where it operates 40 branches with deposits of $4.2 billion.
Crossland, which has assets of $4.6 billion, recently completed an initial public offering that returned the thrift to the private sector from conservatorship by the Federal Deposit Insurance Corp.
