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A digital-first bank for south Florida

Independent Banker

Banking veteran Keith Costello cofounded Locality Bank, where he serves as president and CEO, to champion for south Florida small businesses financially affected by the pandemic. After looking at the consolidation in our market, we concluded that the lack of community banks was the reason.”. Keith Costello, Locality Bank.

Florida 91
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Regulators close Florida bank in third failure of 2020

American Banker

First City Bank of Florida had suffered “longstanding capital and asset quality issues” that were unrelated to the pandemic, the FDIC said.

Florida 62
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Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. Here, again, lies another opportunity for community banks to fill the void. We urge you to make such legislation a priority.”.

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FDIC approves Florida de novo that will focus on Latino customers

American Banker

Organizers of the proposed Our Community Bank have received conditional approval that requires them to raise $18 million before opening.

Florida 60
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Florida de novo gets FDIC approval

American Banker

Organizers of Gulf Atlantic Bank must raise $12 million in capital before opening.

Florida 43
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FDIC approves application for Florida de novo bank

American Banker

Organizers of Coastal Community Bank must raise $19.5 million before opening.

Florida 38
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Banking's Top 5 Total Return to Shareholders: 2022 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. Silvergate Capital Corporation (NYSE: SI) #2. The bank consists of two segments: 1) the traditional community bank, and 2) CCBX, which is its Banking as a Service (BaaS) division started in 2018. MetroCity Bankshares, Inc. Nasdaq: MCBS) #3. Refreshing!