Intercontinental Bank, Miami, is planning to acquire Boca Bancorp for $5. I million in cash and stock, the two companies announced.

"The acquisition affords Intercontinental the opportunity to expand its franchise into Palm Beach County and to provide Boca Bank customers the benefits of enhanced financial strength and service capabilities," said Bill Allen, chairman of Intercontinental.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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