LEGAL MERGER EFFECTIVE NOVEMBER 1, 2009
Merger of First America Bank and Manatee River Community Bank Effective November 1
The combined management team and Board of Directors of First America Bank and Manatee River Community Bank are pleased to announce the legal merger of the two banks effective November 1, 2009.
Doing business under the First America Bank name, the resulting financial institution will have approximately $285 million in total assets and will be headquartered at First America’s existing office at 2811 Manatee Avenue West, in Bradenton.
The operational merger of the two banks into one will take place over the next 90 days. “Customers will see a transition of the names but will experience few changes in their normal banking activities. We are taking a customer friendly approach to the transition and will continue to provide the exceptionally high level of service established by both First America Bank and Manatee River Community Bank,” stated Daniel S. Hager, Chairman and CEO of First America Bank.
“During this time, customers will be able to handle all their banking needs as usual, and account holders should continue to use their normal banking locations. If customers have any questions about the transition, they should contact their local office,” said Allen Langford, President of First America Bank.
As the conversion takes place, it will result in a preeminent community bank in Manatee and Sarasota counties. When the operational merger is completed in the first quarter of 2010, First America Bank will have offices in Bradenton, Sarasota, Palmetto, Osprey and Ellenton.
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