trending Market Intelligence /marketintelligence/en/news-insights/trending/ZwXeZGMrQuzWUv7FzwgB8A2 content esgSubNav
In This List

Coastal Banking completes acquisition of First Avenue National Bank

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Coastal Banking completes acquisition of First Avenue National Bank

Beaufort, S.C.-based CoastalBanking Co. Inc. completed the acquisition of Ocala, Fla.-based First Avenue National Bank, according to a news release datedApril 11 that was recently obtained by S&P Global Market Intelligence.

First Avenue's two branches in Ocala and one branch in The Villages,Fla., will open April 11 as branches of Fernandina Beach, Fla.-based . Grand openingevents will be held at both Ocala locations April 11, while the grand opening forThe Villages branch will be held April 12.

The acquisitionadds approximately $112 million in assets, $98 million in deposits and $81 millionin gross loans to CBC National Bank.

First Avenue senior executives Adam Woods, Jason Welborn andPatrick Moses joined CBC National Bank. Woods is the bank's new market executivefor Marion and Sumter counties, according to the news release.