INDUSTRY INSIGHTS YOUR PEERS ARE READING
The National Credit Union Administration (NCUA) liquidated Florida Conference AME Church (FCAMEC) Federal Credit Union of Tallahassee, Florida. Gulf Winds Federal Credit Union, of Pensacola, Florida, has assumed the members and deposits of the former Florida Conference AME Church Federal Credit Union. Florida Conference AME Church Federal Credit Union served 560 members and had assets of $1,760,664 at the end of 2016. MORE
A Florida politician who has run a pro-medical marijuana campaign said Wells Fargo closed her account over her ties to the industry, adding that the incident was an example of the challenges legal cannabis businesses face from the U.S. Marijuana banking Wells Fargo Florida MORE
(The Paypers) US-based spend management company Jaggaer has announced it is implementing a source-to-pay suite for Florida International University MORE
M&A Regional banks Community banking Growth strategies North Carolina FloridaThe North Carolina regional bank will gain four locations and $834 million in loans. MORE
While we at PYMNTS.com would never applaud crime, we do have to credit Cheyenne Amber West of Fort Pierce, Florida, with boldness for her recent attempts to scam Walmart of more than $1,800 in consumer electronics. Since he just got me a Coach purse, I figured he deserved something nice as well,” West reportedly told a Florida deputy. MORE
Earlier this week, the Court of Appeals for the 11th Circuit, which has jurisdiction over Florida, invalidated a state statute that made it a misdemeanor to impose a surcharge […]. Legal Watch New York State credit card surcharge Florida Supreme CourtI knew that would get your attention. The clash to which I am referring has to do with the legality of statutes banning credit card surcharges. MORE
prosecutors late last week charged a Florida man in connection with an illegal bitcoin exchange. According to a report by Reuters , Ricardo Hill, 38, was arrested in Florida in October and charged with conspiring to operate an unlicensed money transmitting firm. was operated by Anthony Murgio of Florida and owned by Gery Shalon, the Israeli accused of being behind the JPMorgan hack and that of other companies. MORE
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 MORE
Rick Scott signs it, Florida would become the first state to pass a law designed to blunt the impact of the CFPB’s crackdown on high-cost consumer loans. Payday lending Underbanked Consumer lending Finance, investment and tax-related legislation Rick Scott State of FloridaThe legislature has passed a bill that would allow lenders to make installment loans that, in many cases, would be more costly than payment loans. If Gov. MORE
Innovations Federal Credit Union of Panama City, Florida, for one, is helping members get back on their feet by offering a hurricane assistance loan program and waiving fees. MORE
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 MORE
(The Paypers) Mastercard has teamed up with Florida Capital Bank to facilitate real-time disbursements of funds to branded debit cards in the US MORE
Fifth Third has allegedly informed Spike's Tactical that its accounts would not be renewed. Commercial banking Regional banks Fifth Third Bancorp Fifth Third MORE
FirstBank Florida in Miami has recruited five bankers from area competitors to bolster its commercial banking department. breaking_news people commercial-lending community-banking MORE
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. MORE
Walmart has opened a massive eCommerce fulfillment center in Florida, creating 1,500 jobs and enabling faster shipping to customers or to stores for free pickup. This facility is the sixth addition to the next-generation fulfillment network that Walmart is building to support its eCommerce business and is part of a $450-million investment the retailer is making in Florida in 2017-18. MORE
Community banking M&A Growth strategies FloridaMackinac Savings Bank is the first bank acquisition for IBM Southeast Employees’ Credit Union. MORE
A software engineer from Florida was slapped with a 16-month prison term late last week after a court found him guilty of scamming to aid an illegal bitcoin exchange. In November, Ricardo Hill , who was arrested in Florida a month prior, was also charged with conspiring to operate an unlicensed money transmitting firm. MORE
WASHINGTON — Whether bitcoin is actual currency is at the forefront of a first-of-its-kind money-laundering case in Florida to be decided Friday. MORE
De novo banks Capital Growth strategies FloridaThe Office of the Comptroller of the Currency has given preliminary conditional approval for Winter Park National Bank, allowing organizers to work on office space, hire staff and raise capital. MORE
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. MORE
M&A Community banking Earnings New Jersey FloridaThe acquisition would be Valley's third in the Sunshine State since 2014 and would give the New Jersey company its first branches in Alabama. MORE
The transaction was set up to give Mercantil more autonomy to expand in South Florida, Houston and New York. Community banking Capital Growth strategies Florida Venezuela MORE
Community banking Marketing Growth strategies FloridaThe change comes two months after the bank was spun off from its Venezuelan parent company. MORE
Offers & Promotions First Florida Credit Union Credit Union Information Page | Receive Alerts for this Credit Union. First Florida Credit Union Boosts 13-Month CD To 2.89% APY POSTED ON THURSDAY, NOVEMBER 29, 2018 BY Ken Tumin Deal Summary: 13-month CD Special, 2.89% APY, $50k minimum deposit. Availability: Residents of 29 Florida counties. CSR emphasized that the funds must be in the possession of First Florida to open a CD over the phone. Forum. Banks. MORE
M&A Regional banks Community banking FloridaSeven other banks passed on a chance to bid on FCB Financial, perhaps showing the small pool of large buyers eager to make a big commitment to the Sunshine State. MORE
Lake Michigan Credit Union’s deal for Encore Bank would give it a total of 10 branches on the Florida Gulf Coast. M&A Credit unions Community banking Florida Michigan MORE
Community banking Regional banks Disaster planning Disaster recovery Crisis management Branch network Florida GeorgiaThe hurricane was expected by many to deliver catastrophe. Instead, bankers are largely looking to restore power and confirm the status of employees. MORE
Community banking M&A Capital Florida TennesseeByron DeFoor, who already has majority stakes in two community banks, is planning to buy First Columbia Bancorp. MORE
has agreed to buy Gateway Financial Holdings of Florida in Daytona Beach. CenterState Banks in Winter Haven, Fla., breaking_news m-a community-banking dealmaking-strategy MORE
According to a report , a man in Florida was allegedly robbed at knifepoint while trying to sell $28,000 in bitcoin. The 32-year-old resident of Lake Worth, Florida, Steve Manos, set up a meeting with two people in West Palm Beach to sell the bitcoin for cash. million from two Florida men who were allegedly involved in the case. While computer breaches and malicious emails are commonplace online, when it comes to bitcoin, it can also be dangerous offline in the real world. MORE
Gulfside Bank, which would be based in Sarasota, is angling to become southwest Florida's first new bank in a decade. Community banking De novo banks Capital FDIC Florida MORE
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. MORE
It makes Florida the first state to pass a law designed to blunt the impact of the CFPB’s payday lending rule. Payday lending Small-dollar lending Financial regulations Underbanked Rick Scott State of Florida CFPBThe legislation, signed Monday by Gov. Rick Scott, authorizes 60- to 90-day loans of up to $1,000. MORE
Florida created headaches for the Georgia company during the financial crisis. Community banking M&A Integrations Regional banks Florida GeorgiaIncreased discipline, and wholesale changes to banking, make the $3 billion purchase of FCB Financial less risky, CEO Kessel Stelling says. MORE
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 MORE
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. MORE
of Florida in Stuart has agreed to buy GulfShore Bancshares in Tampa, Fla. Seacoast Banking Corp. breaking_news community-banking m-a fl dealmaking-strategy MORE
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. MORE
The program is now being offered in Florida and will be expanded to other Whole Food stores during the summer. Amazon.com is stepping up its battle for grocery store dominance, launching a new loyalty program with Whole Foods for Prime customers on Wednesday (May 16). According to a report in Reuters , the much-anticipated program gives Prime members 10 percent off hundreds of items and deals on weekly specials that rotate. MORE
The bank, based on the east coast of Florida, is bulking up on the Gulf. M&A Community banking FloridaIt has agreed to buy NorthStar Bank in Tampa a month after buying another bank in the same city. MORE
The question of whether bitcoin is actually money is at the heart of a case of a man charged with selling $30,000 worth of the virtual currency to an undercover police officer. blockchain-digital-currencies law-regulation bank-technology MORE
M&A Capital Growth strategies FloridaSeacoast will pay $71 million in cash and stock in a deal that is expected to close in the third quarter. MORE
Florida Related Topics PYMNTS
SEPTEMBER 13, 2018
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
PYMNTS
OCTOBER 26, 2018
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.
PYMNTS
JUNE 20, 2018
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
PYMNTS
APRIL 13, 2018
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.
Bank Innovation
SEPTEMBER 16, 2016
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.
PYMNTS
MAY 24, 2018
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
PYMNTS
DECEMBER 19, 2016
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.
PYMNTS
NOVEMBER 14, 2016
prosecutors late last week charged a Florida man in connection with an illegal bitcoin exchange. According to a report by Reuters , Ricardo Hill, 38, was arrested in Florida in October and charged with conspiring to operate an unlicensed money transmitting firm. was operated by Anthony Murgio of Florida and owned by Gery Shalon, the Israeli accused of being behind the JPMorgan hack and that of other companies.
PYMNTS
JUNE 30, 2017
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.
PYMNTS
JULY 29, 2016
According to a report , a man in Florida was allegedly robbed at knifepoint while trying to sell $28,000 in bitcoin. The 32-year-old resident of Lake Worth, Florida, Steve Manos, set up a meeting with two people in West Palm Beach to sell the bitcoin for cash. million from two Florida men who were allegedly involved in the case. While computer breaches and malicious emails are commonplace online, when it comes to bitcoin, it can also be dangerous offline in the real world.
PYMNTS
OCTOBER 23, 2017
A software engineer from Florida was slapped with a 16-month prison term late last week after a court found him guilty of scamming to aid an illegal bitcoin exchange. In November, Ricardo Hill , who was arrested in Florida a month prior, was also charged with conspiring to operate an unlicensed money transmitting firm.
PYMNTS
JULY 19, 2017
Walmart has opened a massive eCommerce fulfillment center in Florida, creating 1,500 jobs and enabling faster shipping to customers or to stores for free pickup. This facility is the sixth addition to the next-generation fulfillment network that Walmart is building to support its eCommerce business and is part of a $450-million investment the retailer is making in Florida in 2017-18.
BankThink
NOVEMBER 16, 2018
M&A Regional banks Community banking Growth strategies North Carolina FloridaThe North Carolina regional bank will gain four locations and $834 million in loans.
BankThink
AUGUST 13, 2018
The transaction was set up to give Mercantil more autonomy to expand in South Florida, Houston and New York. Community banking Capital Growth strategies Florida Venezuela
PYMNTS
NOVEMBER 8, 2017
While we at PYMNTS.com would never applaud crime, we do have to credit Cheyenne Amber West of Fort Pierce, Florida, with boldness for her recent attempts to scam Walmart of more than $1,800 in consumer electronics. Since he just got me a Coach purse, I figured he deserved something nice as well,” West reportedly told a Florida deputy.
BankThink
OCTOBER 24, 2018
Community banking Marketing Growth strategies FloridaThe change comes two months after the bank was spun off from its Venezuelan parent company.
BankThink
JULY 16, 2018
Community banking M&A Capital Florida TennesseeByron DeFoor, who already has majority stakes in two community banks, is planning to buy First Columbia Bancorp.
BankThink
MARCH 20, 2018
Gulfside Bank, which would be based in Sarasota, is angling to become southwest Florida's first new bank in a decade. Community banking De novo banks Capital FDIC Florida
The Paypers
JULY 12, 2018
(The Paypers) Mastercard has teamed up with Florida Capital Bank to facilitate real-time disbursements of funds to branded debit cards in the US
BankThink
JULY 24, 2018
Florida created headaches for the Georgia company during the financial crisis. Community banking M&A Integrations Regional banks Florida GeorgiaIncreased discipline, and wholesale changes to banking, make the $3 billion purchase of FCB Financial less risky, CEO Kessel Stelling says.
BankThink
AUGUST 20, 2018
A Florida politician who has run a pro-medical marijuana campaign said Wells Fargo closed her account over her ties to the industry, adding that the incident was an example of the challenges legal cannabis businesses face from the U.S. Marijuana banking Wells Fargo Florida
New York's State of Mind
NOVEMBER 6, 2015
Earlier this week, the Court of Appeals for the 11th Circuit, which has jurisdiction over Florida, invalidated a state statute that made it a misdemeanor to impose a surcharge […]. Legal Watch New York State credit card surcharge Florida Supreme CourtI knew that would get your attention. The clash to which I am referring has to do with the legality of statutes banning credit card surcharges.
BankThink
SEPTEMBER 20, 2018
M&A Regional banks Community banking FloridaSeven other banks passed on a chance to bid on FCB Financial, perhaps showing the small pool of large buyers eager to make a big commitment to the Sunshine State.
The Paypers
AUGUST 1, 2018
(The Paypers) US-based spend management company Jaggaer has announced it is implementing a source-to-pay suite for Florida International University
BankThink
AUGUST 8, 2017
Lake Michigan Credit Union’s deal for Encore Bank would give it a total of 10 branches on the Florida Gulf Coast. M&A Credit unions Community banking Florida Michigan
Deposit Accounts
NOVEMBER 29, 2018
Offers & Promotions First Florida Credit Union Credit Union Information Page | Receive Alerts for this Credit Union. First Florida Credit Union Boosts 13-Month CD To 2.89% APY POSTED ON THURSDAY, NOVEMBER 29, 2018 BY Ken Tumin Deal Summary: 13-month CD Special, 2.89% APY, $50k minimum deposit. Availability: Residents of 29 Florida counties. CSR emphasized that the funds must be in the possession of First Florida to open a CD over the phone. Forum. Banks.
American Banker
NOVEMBER 4, 2016
of Florida in Stuart has agreed to buy GulfShore Bancshares in Tampa, Fla. Seacoast Banking Corp. breaking_news community-banking m-a fl dealmaking-strategy
BankThink
SEPTEMBER 11, 2017
Community banking Regional banks Disaster planning Disaster recovery Crisis management Branch network Florida GeorgiaThe hurricane was expected by many to deliver catastrophe. Instead, bankers are largely looking to restore power and confirm the status of employees.
BankThink
MARCH 21, 2018
M&A Community banking Capital Growth strategies Florida AlabamaThe Alabama company will enter Sarasota, Fla., after buying Premier for $52 million.
BankThink
MARCH 19, 2018
It makes Florida the first state to pass a law designed to blunt the impact of the CFPB’s payday lending rule. Payday lending Small-dollar lending Financial regulations Underbanked Rick Scott State of Florida CFPBThe legislation, signed Monday by Gov. Rick Scott, authorizes 60- to 90-day loans of up to $1,000.
BankThink
MARCH 9, 2018
Rick Scott signs it, Florida would become the first state to pass a law designed to blunt the impact of the CFPB’s crackdown on high-cost consumer loans. Payday lending Underbanked Consumer lending Finance, investment and tax-related legislation Rick Scott State of FloridaThe legislature has passed a bill that would allow lenders to make installment loans that, in many cases, would be more costly than payment loans. If Gov.
BankThink
OCTOBER 9, 2018
Fifth Third has allegedly informed Spike's Tactical that its accounts would not be renewed. Commercial banking Regional banks Fifth Third Bancorp Fifth Third
Keith Leggett's Credit Union Watch
MARCH 17, 2017
The National Credit Union Administration (NCUA) liquidated Florida Conference AME Church (FCAMEC) Federal Credit Union of Tallahassee, Florida. Gulf Winds Federal Credit Union, of Pensacola, Florida, has assumed the members and deposits of the former Florida Conference AME Church Federal Credit Union. Florida Conference AME Church Federal Credit Union served 560 members and had assets of $1,760,664 at the end of 2016.
American Banker
DECEMBER 1, 2016
has agreed to buy Gateway Financial Holdings of Florida in Daytona Beach. CenterState Banks in Winter Haven, Fla., breaking_news m-a community-banking dealmaking-strategy
BankThink
JUNE 5, 2017
Community banking M&A Growth strategies FloridaMackinac Savings Bank is the first bank acquisition for IBM Southeast Employees’ Credit Union.
BankThink
APRIL 20, 2017
De novo banks Capital Growth strategies FloridaThe Office of the Comptroller of the Currency has given preliminary conditional approval for Winter Park National Bank, allowing organizers to work on office space, hire staff and raise capital.
BankThink
MAY 18, 2017
The bank, based on the east coast of Florida, is bulking up on the Gulf. M&A Community banking FloridaIt has agreed to buy NorthStar Bank in Tampa a month after buying another bank in the same city.
Payments Source
JUNE 30, 2016
WASHINGTON — Whether bitcoin is actual currency is at the forefront of a first-of-its-kind money-laundering case in Florida to be decided Friday.
BankThink
MAY 5, 2017
M&A Capital Growth strategies FloridaSeacoast will pay $71 million in cash and stock in a deal that is expected to close in the third quarter.
BankThink
JULY 26, 2017
M&A Community banking Earnings New Jersey FloridaThe acquisition would be Valley's third in the Sunshine State since 2014 and would give the New Jersey company its first branches in Alabama.
PYMNTS
NOVEMBER 15, 2018
Innovations Federal Credit Union of Panama City, Florida, for one, is helping members get back on their feet by offering a hurricane assistance loan program and waiving fees.
American Banker
JUNE 1, 2016
FirstBank Florida in Miami has recruited five bankers from area competitors to bolster its commercial banking department. breaking_news people commercial-lending community-banking
American Banker
JUNE 28, 2016
The question of whether bitcoin is actually money is at the heart of a case of a man charged with selling $30,000 worth of the virtual currency to an undercover police officer. blockchain-digital-currencies law-regulation bank-technology
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