Floridian Financial Group in Lake Mary, Fla., is merging its subsidiaries, Orange Bank of Florida in Orlando and Floridian Bank in Daytona Beach, under the Floridian Bank name.

The $375 million-asset company is also relocating its headquarters to Daytona Beach.

The company has received regulatory approval to consolidate its two bank charters into one bank starting Thursday, said Thomas Dargan Jr., the president and chief executive officer of Floridian Financial Group, in a press release.

"By combining our operations into one bank, we give our customers and shareholders a stronger and more competitive financial institution," explained Dargan.

The Orange Bank of Florida offices will be rebranded in October.

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