Citizen's First sale
 

Perfect timing and a very attractive price. CFB is the perfect footprint for Seacoast expansion - fills in between Eustis and Ocala. Plus, the CFB footprint will continue to grow as home building continues, south of Central Parkway.

Re: Their insurance agency, as I understand it, the agency was actually sold about 4 years ago and is just now going through a name change.

When the Developer stops building homes, they will be left with, and this is a guess, 15m sq ft of commercial property. The championship courses will be sold off (Troon, Arcis or KemperSports?) and everything else will be owned and controlled by the residents through the quasi-governmental entities.

And that is known because posters on TOTV are the bankers, accountants and lawyers for "the family"?? Uh-huh. :bigbow:

And another - They sold The Villages Hospital a number of years ago to UF Health. It is much better managed now than it was then.

Imagine the cost of changing the names of banks that's passed on to the customer.

I hope that nothing BIGGER is in the pipeline…I can’t even say it…ya know? Yikes!

My guess is that the new look for the online banking is more in line with the new bank,so they want the customers to be acclimated before the change. Or maybe this was already in the works before the sale.

That app isnt exclusive to Citizens. Black Hill FCU in SD has the same app. Third party purchase and supported.

I was there in December and surprised how good and thorough the care was. It was heart related and that could have made the care better than it might have been.

The acquisition of Citizen First Bank by Seacoast does beg the question: if you are the new bank owner why would you keep so many ATMs at every postal station? Will be interesting to watch this change...they've got $4.1 billion in assets. Maybe more cash for Morse development all the way to Orlando....

Mergers are far more complicated than changing signs. Systems (mapping, conversion testing) branding, vendor contracts, training, customer communications, etc. The list is lengthy.

Seacoast Bank (the acquirer} absorbs that cost.

Presumably the acquiring bank has estimated all the costs in making the merger. If not they might have some very unhappy stockholders