The merger, which was announced in June this year, is expected to further expand FNBB’s presence across the Gulf South.
This deal will increase FNBB’s customer base to over 800 community financial institutions.
FNBB is expected to grow to approximately $1bn in assets from the current $877m, while continuing to have close to 15% strong leverage capital.
Founded in 1984, First National Bankers Bank offers personal and commercial banking services.
Based in Baton Rouge, Louisiana, FNBB has offices in Louisiana, Arkansas, Alabama, Georgia and Mississippi.
FNBB president and CEO Joseph F. Quinlan, III said: "We look forward to expanding our relationships in Florida and ensuring that all of our customers, present and future, remain well taken care of by an even stronger, more vibrant FNBB for many years to come."
Independent Banker’s Bank of Florida will now operate as a subsidiary of FNBB.
Based in Lake Mary, Florida, Independent Banker’s Bank of Florida is a state chartered bank that provides credit, investment, and payment services for community based financial institutions.
With operations in operations in Georgia, Alabama, and South Carolina, IBB also offers merchant services, including MerchantConnect, a web-based real-time service that provides secure reporting for small business customers to manage their account; and Virtual Merchant that enables customers to accept a range of payment types from credit and debit cards to electronic checks and gift cards.
Image: FNBB completes merger with chartered bank IBB. Photo: courtesy of adamr / FreeDigitalPhotos.net.
