Sunshine Bancorp in Plant City, Fla., has hired a former executive at Susquehanna Bancshares in Lititz, Pa., as its chief executive.

The $312 million-asset Sunshine said it had hired Andrew Samuel, effective immediately. Samuel resigned as chairman, president and chief executive of the $18.3 billion-asset Susquehanna's bank in September, citing a desire to "relocate for personal and family reasons."

Samuel joined Susquehanna in February 2012, following the acquisition of the $2.5 billion-asset Graystone Tower Bank in Enola, Pa., where he had been chairman and CEO.

"We are extremely proud to have attracted an executive of Andrew's caliber to join our company," Ray Rollyson, Sunshine's chairman, said in a press release Tuesday.

Samuel succeeds J. Floyd Hall, who led Sunshine for 28 years. Hall, who will remain on the company's board, will advise Samuel during the transition.

Sunshine has five branches outside of Tampa, Fla. It was founded in 1954 as a mutual savings bank, and converted to a stock company in July.

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