Citizens First Bank being sold
 

Citizens First Bank is apparently being bought by Seacoast Banking Corporation of Florida.

I expect that the new bank will not be offering the free popcorn

For about $700 Million if I read correctly. I'm curious what is behind this decision. I would think that owning a bank would provide substantial profits... forever.

Maybe they aren't doing "enough" business to suit the developers due to the downturn in housing?
I wonder if Seacoast will offer a broader range of house financing than Citizen's First does.

No surprise...............The Villages is a land developer......They DEVELOP.

Land developers are not interested in banking, newpapers, radio stations, water treatment facilities, local government, etc., etc., etc.

:oops:

As I understand it when the father-son Schwartz-Morse team started out local appraisers and banks would not value the homes or grant adequate mortgages on them based on the relatively high prices at which homes were to be sold. To solve this problem they started their own bank.

No big deal. I never liked Citizens First to begin with. They don't offer the best services.

But, you can likely score a good deal on a used popcorn machine

Amazes me the nonsense that get posted, Like Costco moving here from 15yrs ago and also Trader Joes rumors that also went on for years.

Hopefully they'll offer a credit card

Are you suggesting the newspaper is printing false information?:1rotfl:

No worries for us only keep few thousand, in check account for local businesses. So far behind in modern technology for bill pay, statements, not worth anything else

May not have anything to do with financial loss or worth. For the right price, everything is for sale.

I love my wife, wouldn't take a million dollars for just one night. But...if the price is right

We have $46 in ours!

I keep the required $100 in my Citizens Savings and $250 max in my Citizens Checking. The return they offer is embarrassing and insulting.

All banks are looking to fleece customers anyway. I’ve never had problem with citizens hopefully that will continue with whomever the new shysters are…..