Florida Community Bank competes acquisition of Great Florida Bank

 

icordle@MiamiHerald.com

Weston-based Florida Community Bank, a banking subsidiary of Bond Street Holdings said Friday that it completed its purchase of Great Florida Bank, based in Miami Lakes.

The acquisition elevates Florida Community Bank to the fourth largest bank headquartered in Florida, with about $5 billion in assets and more than 60 locations along both Florida coasts and in the Orlando area.

The bank also reported its fourth quarter financial results, with net income up 165 percent to $6.0 million, compared to $2.6 million in the fourth quarter of 2012.

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