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Sunshine Savings Bank converts to state charter, changes name

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Sunshine Savings Bank converts to state charter, changes name

Tallahassee, Fla.-based SunshineSavings Bank completed its conversionto a Florida state bank charter from a federal savings bank charter and changedits legal name to Sunshine Community Bank.

With the conversion, the Florida Office of Financial Regulationwill be the bank's primary regulator, according to a Form 8-K.

The Federal Reserve will continue to regulate the bank's parentcompany, Sunshine Financial Inc.