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Citizens First Bank closes acquisition of First Federal Bank branch

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Citizens First Bank closes acquisition of First Federal Bank branch

The Villages, Fla.-based Citizens First Bank completed its acquisition of Lake City, Fla.-based First Federal Bank's branch at 2505 Burnsed Blvd. in The Villages, Fla., according to information made available on the Office of the Comptroller of the Currency website.

The acquisition was completed Aug. 24.

As of June 30, Citizens First Bank had $2.09 billion in assets, while First Federal Bank had $1.90 billion in assets.

Citizens First Bank is a unit of Villages Bancorp Inc. First Federal Bank is a subsidiary of First Federal Bancorp Inc.