First National Bankers Bank Announces Signing of a Definitive Agreement to Acquire Independent Bankers' Bank of Florida
BATON ROUGE, La. June 30, 2015 /PRNewswire/ -- First National Bankers Bank ("FNBB") announced today that it has entered into a definitive agreement to acquire Independent Bankers' Bank of Florida ("IBBF"), Lake Mary. Florida.
FNBB is the single banking subsidiary of First National Bankers Bankshares, Inc. both of which are headquartered in Baton Rouge. Louisiana. FNBB's Chairman Joseph F. Quinlan, Jr. said, "We are extremely excited about the addition of IBBF into the FNBB family as both organizations share very similar cooperative business philosophies which have always been solely focused on contributing to the success of community banking."
The definitive agreement that was announced today will further expand FNBB across the Gulf South providing a new regional office location in Lake Mary, Florida and increasing FNBB's customer base to
over 800 financial institutions. Upon completion of the transaction FNBB will grow to approximately $1 billion in assets. FNBB's President and CEO Joseph F. Quinlan, III said, "We look forward to this growth opportunity and to ensuring that all of our community bank customers remain well taken care of by an even stronger more vibrant FNBB for many years to come."
Founded in 1984 in Baton Rouge, Louisiana. FNBB has grown rapidly during its 31 year history providing correspondent banking services to community financial institutions across the southeastern United States. FNBB has approximately $877 million in assets and seven offices servicing financial institutions in thirteen states. More information is available on the FNBB's website www.bankers-bank.com.
SOURCE First National Bankers Bank
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