BATON ROUGE, La., Sept. 25, 2015 /PRNewswire/ -- First National Bankers Bank ("FNBB") announced today that it has completed its merger of the Independent Bankers' Bank of Florida ("IBB"), Lake Mary, Florida with FNBB.
FNBB is the single banking subsidiary of First National Bankers Bankshares, Inc., both of which are headquartered in Baton Rouge, Louisiana. FNBB's Chairman Joseph F. Quinlan, Jr. said, "FNBB and IBB have shared common operating philosophies as conservatively run and traditional banker's banks since our respective inceptions over thirty years ago, making this marriage a great fit for both organizations and our customers."
The merger will further expand FNBB across the Gulf South, providing a new regional office location in Lake Mary, Florida and increasing FNBB's customer base to over 800 community financial institutions. It is anticipated that FNBB will grow to approximately $1 billion in assets while sustaining very strong leverage capital of approximately 15%. FNBB's 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."
Founded in 1984 in Baton Rouge, Louisiana, FNBB has grown rapidly during its 31 year history providing correspondent banking services to community financial institutions across the southeastern United States. FNBB has seven offices servicing financial institutions in thirteen states. More information is available on the FNBB's website www.bankers-bank.com.
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SOURCE First National Bankers Bank
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