Fidelity Southern Buying Loans, Deposits in Northeast Florida

By Paul Davis November 06, 2014, 5:36 p.m. EST 1 Min Read

M&A

Fidelity Southern in Atlanta Buying Five Florida Branches

Fidelity Southern (LION) in Atlanta said Thursday that it is buying five branches and roughly $200 million of deposits from CenterState Bank of Florida (CSFL).

By Evan Nemeroff

June 5

Fidelity Southern in Atlanta has agreed to buy deposits and loans from Florida Capital Bank.

The $2.9 billion-asset Fidelity said in a press release Thursday that it will buy about $44 million in deposits and $7 million in loans from a branch in St. Augustine, Fla.

The transaction is expected to close later this quarter. Fidelity did not say how much it would pay.

Fidelity agreed in June to buy five branches and about $200 million in deposits in Florida from CenterState Bank of Florida.

Paul Davis

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