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In Florida, FCB completes acquisition of Floridian Community


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In Florida, FCB completes acquisition of Floridian Community

In Florida, Weston-based FCB Financial Holdings Inc. completed its acquisition of Davie-based Floridian Community Holdings Inc.

The deal had earlier received approvals from regulators and shareholders of Floridian Community. The combined company has 51 branches in Florida.

As of Dec. 31, 2017, FCB Financial, the parent of Florida Community Bank NA, had $10.68 billion in assets. Floridian Community Holdings, the parent of Floridian Community Bank Inc., had around $529.3 million in assets.

Evercore was FCB's financial adviser in the transaction, while Sullivan & Cromwell LLP and Kramer Levin Naftalis & Frankel LLP acted as legal counsel. For Floridian Community, Hovde Group LLC was the financial adviser and Igler and Pearlman PA was the legal counsel.