Florida’s Spring Breakdown

PYMNTS

The deluge of college students that flood into Florida each year for spring break is such a regular occurrence that they’ve become something of a seasonal indicator. In the wake of the spread of the coronavirus , municipalities have closed Florida’s largest and most popular beaches in Ft.

Florida Retail Reopening Fails To Draw Consumers

PYMNTS

Retail reopening events continued to draw light foot traffic on Monday, as Florida joined Texas in allowing non-essential stores to reopen. Florida granted permission for stores to reopen Monday (May 4), the first phase of a return from the coronavirus lockdown.

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Blockchain, Bitcoin In Space. Also, Florida

Bank Innovation

Payments Startups Technology Virtual Currency Bitcoin BlockChain Cloud Constellation Florida Ripple SolarCoin SpaceBeltYou might have seen Ripple’s news yesterday, but turns out that is not the only big development in blockchain this week—it’s now exploring the final frontier. Yep, that’s right: blockchain in space. If you don’t know, Ripple raised $55 million in funding yesterday, as well as adding seven new banks Read More.

Disney Urged To Postpone Reopening Florida’s Walt Disney World

PYMNTS

Disney may have thought reopening Walt Disney World in Orlando, Florida next month was a good idea. Retail B2B B2B Payments Consumer Spending Coronavirus disney Florida News Tourism Walt Disney World What's Hot

Fauci: Florida Could Be At Risk After Lifting Restaurant Restrictions

PYMNTS

Anthony Fauci , the government's top expert on infectious diseases, isn't a fan of Florida's recent lifting of nearly all remaining coronavirus restrictions. Coronavirus COVID-19 Dr. Anthony Fauci economy Florida News regulations Retail What's Hot

Florida Suspects Fraud Behind Spike In Unemployment Claims

PYMNTS

The Florida Department of Economic Opportunity (DEO) suspects that a recent spike in unemployment assistance claims in the state may be due to an uptick in fraudulent filings. According to the news outlet, the State of Florida has paid out roughly $21.6

Florida de novo to open in June

American Banker

Capital Florida De novo institutions

Florida Is Latest State To Pass Autonomous Car Law

PYMNTS

Florida governor Ron DeSantis has signed a bill that allows autonomous cars to operate on the roads without requiring a human being to be behind the wheel, according to reports. Florida is now the third state to pass such a law, behind Texas and Michigan. It also has three autonomous vehicles currently on the road in Florida on freeways. Drivers inside the cars, though, do not have to adhere to Florida’s cellphone ban while behind the wheel.

Florida Officials Soft-Pedal Notion Of Vaccine Tourism

PYMNTS

Scuttlebutt is circulating that Florida — among the first states to open COVID-19 vaccines to anyone over 65 — is getting a rush of medical tourists seeking vaccinations, the Associated Press reported on Thursday (Jan. They get medical care in Florida.

Waymo To Test Autonomous Vehicles In Florida

PYMNTS

Waymo plans to test autonomous vehicles in the rainy conditions of Florida, according to a report. Additionally, Florida residents will start seeing a few of our vehicles on highways between Orlando, Tampa, Fort Myers and Miami as we learn about Florida roads.”. Innovation Autonomous vehicles Florida News Self-Driving Cars testing Waymo What's Hot

Jax FCU in Florida hires 22-year Neighbors veteran as CEO

American Banker

C-suite Florida Credit unions Succession planning Hiring

Florida Prisons Delete $11M Worth Of Inmate Music Purchases

PYMNTS

Following a switch in contractors that reportedly caused prisoners to lose access to music that they purchased, an inmate in a Florida prison is suing the Florida Department of Corrections (FDOC) in a class action suit. The digital music player program in Florida allowed inmates to purchase devices for $119 or $99 to play music, as well as acquire audiobooks and songs at a cost of $1.70

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. FDIC Florida Deposits Failures M&A Community banks

Starbucks Delivery Lands In South Florida Thanks To Uber Eats

PYMNTS

South Florida residents will be able to get Starbucks food and drinks delivered thanks to a new partnership with Uber Eats. According to a report in the South Florida Business Journal , the partnership between Starbucks and Uber Eats in South Florida kicked off earlier this week, enabling people to order from 100 stores. Delivery coffee delivery Florida News starbucks Uber Eats What's Hot

Retired Vantage West CEO takes over at We Florida Financial

American Banker

Ramirez has accepted the top job at the South Florida credit union as it attempts to turn around following a steep decline in earnings and a jump in charge-offs. C-suite Florida Career moves Credit unions EarningsRobert D.

Walmart Plans $200M Investment In Florida

PYMNTS

To drive new-store construction and innovations, Walmart is planning on investing an estimated $200 million in its Florida business. Elise Vasquez-Warner, a vice president and regional general manager for Walmart in Florida, said, “Customers have told us they want the convenience of shopping how, when and where they want. And, though the retailer’s Pickup Tower is available at more than 15 Florida Walmart stores, the company plans to expand that service as well.

American Dream?Miami Receives Approval From Florida Officials

PYMNTS

million-square-foot American Dream Miami — potentially the most expensive mall ever built — has received approval from officials in a Florida county. Retail American Dream Miami brick and mortar Florida malls News real estate shopping What's HotThe 6.2 The project, which is being developed by Triple Five Worldwide Group of Companies , is estimated to come at a cost of $4 billion, The Wall Street Journal reported. While the project was originally slated to have 1.5

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Florida group looks to form bank

American Banker

Capital Florida De novo institutionsWaterfall Bank, which has ties to an investment group that handles affairs for family offices, would be based in the Tampa Bay area.

Tampa 34

Florida City Pays Hundreds Of Thousands To Hackers

PYMNTS

One small Florida city has had to pay cybercriminals thousands of dollars in ransomware. The week before, Riviera Beach, a Florida city of about 34,000, agreed to allow its insurance carrier to pay about $600,000 during its own cyberattack — nearly 12 times the size of the ransomware the city of Atlanta refused to pay last year. Security & Fraud Cyberattack Cybercrime cybercriminals Florida Hackers Lake City News ransom ransomware What's Hot

Organizers propose 'values-based' bank in Florida

American Banker

Florida Climate change De novo institutions Growth strategies Consumer bankingClimate First Bank, which would be led by veteran banker Ken LaRoe, would offer loans to help individuals and organizations make environmentally sound decisions.

United Community enters new Florida markets with Three Shores deal

American Banker

The Georgia company will expand into central and southern Florida by buying the parent of Seaside National Bank & Trust. Florida M&A Growth strategies Community banks

McDonald’s Testing Out Breakfast Catering In Florida

PYMNTS

McDonald’s is testing out a breakfast catering service in Central Florida in an attempt to compete with eateries like Panera Bread. The service is available at all 195 restaurants in Central Florida, and during breakfast hours only. Delivery Fast food Catering McDonald's McDonalds Catering McDonalds Delivery McDonalds Florida News Retail Uber Eats What's Hot

Beach Community buying First City in Florida through bankruptcy process

American Banker

Executives at Beach Community want to pursue more acquisitions in central Florida. Community banking M&A Commercial lending Bankruptcy Florida

McDonald’s Tests Delivery In Florida

PYMNTS

Retail delivery Florida food delivery McDonald's UberEATSWhoever said, “You can’t teach an old dog new tricks” probably feels a bit silly right now. That’s because 2017’s newest addition to the food delivery space isn’t your average plucky, cleverly named startup with a mobile app and a dream. It’s legacy fast-food giant McDonald’s.

Florida Bank Seeks Approval for Latest Digital-First Launch

Banking Exchange

Former First Green Bank CEO Keith Costello will lead Locality Bank as it seeks regulatory approvals Community Banking Compliance Feature3 Fintech Feature Management Retail Banking Technology. 1Community Banking

Florida de novo gets FDIC approval

American Banker

Florida Community banking De novo institutions Regulatory actions and programsOrganizers of Gulf Atlantic Bank must raise $12 million in capital before opening.

Florida trust company applies to become a state-chartered bank

American Banker

Capital Florida De novo institutions Community banksCypress Trust Co. has requested deposit insurance from the Federal Deposit Insurance Corp.

Seacoast expanding in western Florida with Fourth Street acquisition

American Banker

Community banking M&A Capital FloridaThe company will pay $64 million to significantly increase its scale in the Tampa Bay area.

Tampa 44

Dennis Hudson retiring as CEO of Seacoast in Florida

American Banker

Florida Growth strategies Succession planning Community banksChuck Shaffer will take the helm in December, becoming the first leader outside of the Hudson family since the bank's formation in 1926.

Zillow Brings Fast Cash Home Selling Platform To South Florida

PYMNTS

Home sellers in Miami, Fort Lauderdale and other parts of South Florida now have the option of getting a cash offer from Zillow to buy their house, the company said in a press release. Since we launched Zillow Offers a year ago, the response has been incredible, and we’re excited to bring Zillow Offers to homeowners in South Florida’s tri-county region who are looking for a stress-free way to sell their homes.”.

Professional Holding in South Florida plans $75M initial public offering

American Banker

Community banking IPOs Capital M&A FloridaThe company, which has agreed to buy Marquis Bancorp, could use some of the proceeds to fund growth and pay off a line of credit.

Charter expansion lets FiCare FCU reach all Florida health care workers

American Banker

Florida Credit unions Growth strategies Charter conversionsA recently approved TIP charter, the latest in a series of growth initiatives over the last five years, will allow the Tampa-based credit union to serve anyone working in the medical field statewide.

Tampa 41

Two Alleged Hackers Indicted In Florida For Lynda Breach

PYMNTS

Following a data breach at learning platform Lynda in 2016, two hackers were indicted in Florida this month on charges of extortion and hacking. One alleged hacker lived in Florida, while the other was a Canadian citizen who was a Toronto resident, according to reports. In that case, not many details had emerged until Uber’s chief information security officer said at a Senate Commerce Committee hearing that the two hackers in its breach were from Canada and Florida.

Small Business Resiliency in South Florida

PopularBank

With South Florida Region Executive Israel Velasco. Nonessential businesses were forced to close their doors and unemployment in South Florida has outpaced much of the United States. This activity signals promise for South Florida.

Florida Man Sentenced For Processing More Than $10 Million In Illegal Bitcoin Transactions

PYMNTS

A Florida man was sentenced to 5 1/2 years in prison for helping criminals process millions of dollars in illegal bitcoin transactions. Murgio, his father and another man admitted to operating a fake Florida-based business called the Collectables Club, which allowed criminals to buy bitcoins to launder their money under the pretense they were buying stamps and sports memorabilia.