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.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.