BOCA RATON, Fla. - - 1st United Bancorp acquired Jupiter Tequesta National Bank and will merge it into its subsidiary, 1st United Bank.

Before the acquisition, Jupiter Tequesta National Bank had assets of about $55 million. 1st United Bancorp paid $3.4 million in cash and issued 486,000 shares of common stock with a market value of $3.6 million to acquire Jupiter Tequesta.

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