Bank of Tampa in Florida has agreed to buy Hillsboro Bank in Plant City, Fla.
The $2.7 billion-asset Bank of Tampa expects to complete the purchase of the $190.3 million-asset Hillsboro Bank in the fourth quarter, according to Hovde Group, which represented Hillsboro.
The price was not disclosed.
The acquisition would be the first ever for Bank of Tampa. The bank was formed in 1973.
Hillsboro has three branches, $82 million of loans and $166 million of deposits.
In the inaugural iteration of American Banker's news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.
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