[Rainger99]

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

[bsloan1960]

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.

Originally Posted by Rainger99

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

[CFrance]

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.

[dewilson58]

Originally Posted by bsloan1960

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.

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.

[manaboutown]

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.

[Ruger2506]

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

[JohnN]

Originally Posted by Rainger99

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

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

[gego3650]

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.

[Arctic Fox]

Originally Posted by Rainger99

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

Hopefully they'll offer a credit card

[Aces4]

Originally Posted by gego3650

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.

Are you suggesting the newspaper is printing false information?

[asianthree]

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

[MarshBendLover]

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

[CFrance]

Originally Posted by asianthree

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

We have $46 in ours!

[Ruger2506]

Originally Posted by asianthree

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

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

[Topspinmo]

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…..