HCBF Holding in Fort Pierce, Fla., the parent company of Harbor Community Bank, has agreed to acquire First America Holding in Bradenton, Fla.
The financial terms were not announced for the deal, which is expected to close in the second quarter of next year.
The acquisition would expand the $695 million-asset Harbor's presence along the western coast of Florida. The $266 million-asset First America operates five branches around Sarasota.
Dan Hager, First America's chairman and chief executive, is expected to join HCBF as its Florida west coast market president.
HCBF has recently been an aggressive acquirer in Florida. The bank agreed in May to buy the $250 million-asset Independent Bancshares in Sebring, Fla. In January, it also added nine branches around Orlando from the $36 billion-asset Popular.
Harbor Community Bank has 37 locations, primarily on the eastern side of the state.