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Synovus Buys FCB Financial In All-Stock Deal Valued At $2.9B

PYMNTS

Synovus Financial announced on Tuesday (July 24) that it is acquiring FCB Financial Holdings, owner of Florida Community Bank (FCB), Florida’s largest community bank, in a deal valued at $2.9 Following the closing, FCB will merge with Synovus Bank and operate under the Synovus brands. per FCB share, or $2.9 billion.

Florida 100
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Bankruptcy Wave Hits Whole Foods Competitors

PYMNTS

Three regional players in the organic food retail business — where Whole Foods and parent Amazon rule — have declared bankruptcy over the past month. food retailer to have filed for Chapter 11 bankruptcy so far this year — and, like predecessors Fairway and Lucky’s Market, it did so after trying to find a buyer.

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ALDI Plans 70 New Store Openings In Expansion Push

PYMNTS

The value grocery chain also said it intended to come into the greater Phoenix market and continue to support Gulf Coast store growth with a new Alabama distribution center, according to a Tuesday (July 21) announcement. The grocer intends to break ground on its new Loxley, Alabama distribution center and regional headquarters next year.

Alabama 159
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These Are Your Most Profitable Cash Management Clients

South State Correspondent

For starters, a customer may carry large balances but not generate franchise value if those balances are all in high-paying money market accounts or are highly volatile. The value driver in cash management is that it is usually some sort of operating account at the bank. As such, operating accounts have low-interest rate sensitivity.

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Stuck in the middle: Addressing the gap in senior housing with financial solutions.

PopularBank

The so-called “forgotten middle” has been a hot topic for many owners and operators as they look to enhance the options with independent housing and assisted living, hoping to help those trapped in the middle gap. Construction costs for middle-market senior housing. The rising construction costs limit the number of such developments.

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Popular Bank Implements Branch Realignment in the New York Metro Region to Enhance Focus on Communities and Small Business Support

PopularBank

The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million. This realignment in our New York Metro market is consistent with our small business and retail services model in South Florida,” said Popular, Inc.

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Publix: 88 Years In Grocery And Looking To Grow

PYMNTS

A highly regional grocery store chain, it’s only known in the six states where it actually operates. In its home state of Florida, it’s the king of the grocery powers, to the extent that a popular question among local journalists is: Who can dethrone Publix? Among those who do know Publix, the affinity is incredibly strong.

Florida 105