FirstAtlantic Bank to buy Florida-based CenterBank

18-Oct-2011

SNL Financial LC | 28-Jul-2011
By Deependra Jha

FirstAtlantic Bank ($208.4 million) agreed to acquire Jacksonville, Fla.-based

CenterBank of Jacksonville NA ($169.6 million), American Banker reported July 27, citing a press release.

Details of the transaction were not disclosed.

FirstAtlantic, a unit of Jacksonville-based FirstAtlantic Financial Holdings Inc., expects to complete the transaction in the fourth quarter.

CenterBank Inc. is the parent company of CenterBank of Jacksonville.

Copyright © 2011, SNL Financial LC

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