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CenterState Bank Corporation Announces Acquisition of National Commerce Corporation

Posted on 11/27/2018 by

WINTER HAVEN, Fla. and BIRMINGHAM, Ala., November 26, 2018 /PRNewswire/ -- CenterState Bank Corporation (Nasdaq-GS: CSFL) ("CenterState" or the "Company") and National Commerce Corporation (Nasdaq: NCOM) ("National Commerce"), jointly announced today the signing of a definitive agreement pursuant to which National Commerce will merge with and into CenterState in an all-stock transaction. This combination of two high-performing banks will create a leading Southeastern regional bank, with branches in Florida, Georgia and Alabama. As of September 30, 2018 and excluding purchase accounting, the combined company has pro forma total assets of $16.4 billion, gross loans of $11.5 billion, deposits of $12.8 billion and a market capitalization of approximately $3.2 billion. Over 75% of the pro forma deposit base will be in Florida.

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Premier Community Bank of Florida Enters into Definitive Agreement to Join National Commerce Corporation

Posted on 3/22/2018 by

BIRMINGHAM, AL and BRADENTON, FL (March 20, 2018) (GLOBE NEWSWIRE) – National Commerce Corporation (Nasdaq: NCOM) (“NCC”), the parent company of National Bank of Commerce (“NBC”), headquartered in Birmingham, Alabama, and Premier Community Bank of Florida (“Premier”), headquartered in Bradenton, Florida, today jointly announced the signing of a definitive agreement providing for the merger of Premier with and into NBC. Subsequent to the merger, the current offices of Premier will continue to operate as “Premier Community Bank of Florida, a division of National Bank of Commerce” under Premier’s existing management team. The transaction is expected to result in a combined institution with approximately $3.4 billion in assets.

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FirstAtlantic Shareholders Approve Merger with National Commerce Corporation

Posted on 12/19/2017 by

JACKSONVILLE, FL (December 19, 2017) – FirstAtlantic Financial Holdings, Inc. (OTCQX: FFHD) (“FirstAtlantic”), the parent company of FirstAtlantic Bank, today announced that its shareholders voted to approve the merger of FirstAtlantic with and into National Commerce Corporation (Nasdaq: NCOM) (“NCC”) pursuant to the Agreement and Plan of Merger, dated August 16, 2017, by and between FirstAtlantic and NCC. FirstAtlantic and NCC have already received all regulatory approvals, including approval from the Office of the Comptroller of the Currency, necessary to complete the proposed merger. Subject to the satisfaction of other customary closing conditions contained in the merger agreement, the merger is expected to be completed on January 1, 2018.

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FirstAtlantic Financial Holdings, Inc. Declares Quarterly Cash Dividend Payment to Shareholders

Posted on 10/19/2017 by

JACKSONVILLE, FL (October 19, 2017) – FirstAtlantic Financial Holdings, Inc. (OTCQX: FFHD), the holding company for FirstAtlantic Bank, today announced that the Company has declared a quarterly cash dividend of $0.04 per share on the Company’s common stock. This is the eighth consecutive quarterly dividend to be paid to shareholders.

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FirstAtlantic Financial Holdings, Inc. Declares Quarterly Cash Dividend Payment to Shareholders

Posted on 8/22/2017 by

JACKSONVILLE, FL (August 22, 2017) – FirstAtlantic Financial Holdings, Inc. (OTCQX: FFHD), the holding company for FirstAtlantic Bank, today announced that the Company has declared a quarterly cash dividend of $0.04 per share on the Company’s common stock. This is the seventh consecutive quarterly dividend to be paid to shareholders.

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FirstAtlantic Financial Holdings, Inc. Enters into Definitive Agreement to Join National Commerce Corporation

Posted on 8/21/2017 by

BIRMINGHAM, AL and JACKSONVILLE, FL (August 16, 2017) (GLOBE NEWSWIRE) – National Commerce Corporation (Nasdaq: NCOM) (“NCC”), the parent company of National Bank of Commerce (“NBC”), headquartered in Birmingham, Alabama, and FirstAtlantic Financial Holdings, Inc. (OTCQX: FFHD) (“FirstAtlantic”), the parent company of FirstAtlantic Bank, headquartered in Jacksonville, Florida, today jointly announced the signing of a definitive agreement providing for the merger of FirstAtlantic with and into NCC.

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