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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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

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.

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

BankUnited looks beyond Florida, New York for growth

American Banker

Strategic planning Florida New York Branch network Commercial lending

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.

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

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.

Florida de novo to open in June

American Banker

Capital Florida De novo institutions

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.

First Foundation to enter Florida with purchase of Naples community bank

American Banker

Florida Community banking M&A

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

Florida Governor signs bill limiting use of automated dialing systems; new law effective July 1

CFPB Monitor

On June 29, Florida Governor DeSantis signed into law CS/SB 1120 which amends Florida law to impose new limits on the use of “automatic dialers.” This would suggest that the law is only intended to cover calls to Florida consumers.

New banks opening in Florida again. Are more needed?

American Banker

Community banking Growth strategies

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

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

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.

Bitcoin Daily: Florida Trial Could Reveal Identity of Bitcoin’s Original Creator; New Bitcoin Update Adds Privacy; JC Flowers Founder Criticizes Crypto

PYMNTS

The Florida trial might have the effect of unmasking the long-secret identity of Satoshi Nakamoto, the creator of bitcoin, according to the report.

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

American Banker

C-suite Florida Credit unions Succession planning Hiring

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.

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.

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.

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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

From Florida to California, bank startups are surging

American Banker

Community banking De novo institutions

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.

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

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

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

Florida money transfer company files to form digital bank

Payments Source

Payservices would use deposits largely to support its existing business. It has no plans to make loans. Money transfers Capital De novo institutions

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.

Acquisitive Seacoast buying two more Florida banks

American Banker

M&A Community banks

We Florida Financial Offers High Yield EarnMore Checking Account

BankDeals

DA has been tracking We Florida Financial’s rewards checking account, EarnMore Checking, for about two years. The top rate has remained very competitive

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.

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