Fidelity Southern Buying Loans, Deposits in Northeast Florida

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.

For reprint and licensing requests for this article, click here.
M&A Community banking Consumer banking Florida Georgia
MORE FROM AMERICAN BANKER