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News and Press Release

HCBF Holding Company Inc., Parent of Harbor Community Bank, Completes Merger With First America Holdings Corporation and First America Bank - May 08 2015

Click here(PDF) to view the press release.

Letter to Customers About Merger - May 08 2015

Click here (PDF)  to view the letter to customers about the merger.

HCBF Holding Company Inc., Parent of Harbor Community Bank, to Merge With First America Holdings Corporation and First America Bank - October 17 2014

HCBF Holding Company Inc., Parent of Harbor Community Bank, to Merge

With First America Holdings Corporation and First America Bank

BRADENTON, Florida, Oct. 16, 2014 -- HCBF Holding Company Inc. (HCBF) and First America Holdings Corp. (FAHC) have announced the signing of an Agreement and Plan of Merger, whereby HCBF will acquire FAHC and the subsidiary First America Bank (First America) in Bradenton, Florida.

First America currently has assets of approximately $260 million and five branch locations in the Manatee-Sarasota, Florida, market and a loan production office in Lee County. First America ranks fourth among Florida-based banks in deposit market share in the highly competitive Bradenton-Sarasota market, the FDIC’s June 2014 report shows.

Upon the closing of this transaction, First America will be merged into Harbor Community Bank (Harbor), one of Florida’s more highly capitalized banks. The transaction, anticipated to close in the second quarter of 2015, is subject to customary regulatory approval and FAHC shareholder approval.

Dan S. Hager, Chairman and Chief Executive Officer of First America, will join Harbor Community Bank’s team as Florida West Coast Market President.

Harbor Community Bank, chartered in 1960 as the First Bank of Indiantown, Florida, brings a long history of community banking to the merger. First America Bank opened its first branch in June 2004 in Bradenton and serves customers from northeast Manatee County to Lee County

Harbor Community Bank, with finalization of the merger with Highlands Independent Bank announced in May and scheduled for closing on Oct. 24, will have assets of approximately $ 1.1 Billion and 32 branch locations in 11 counties of Florida. With completion of the announced merger with First America, Harbor Community assets will total almost $1.4 Billion and will have 37 branch offices or loan production offices in 14 Florida counties.

Mike Brown Sr. said, “Harbor is pleased with the opportunity to have Dan Hager join us as the Market President for the West Coast banking team to expand the Harbor Community Bank footprint into this dynamic market. We are certain that the commitment to community and customers by First America Bank will be enhanced by Harbor with the continued support of the current First America Branch personnel and lending team during this time prior to closing and after the transition. “

Harbor and the HCBF Holding Co. are led by seasoned Florida bankers Michael J. Brown Sr. (Chairman and CEO), J. Hal Roberts (President and COO), Randall Ezell (Executive Vice President and CFO) and Mike Brown Jr. (Executive Vice President and Chief Lending Officer). This Management team is committed to continue an organic and acquisition growth plan that started in 2011. This plan was supported by commitments of $329 million in capital from the HCBF Holding Co. Board of Directors and outside investors.

HCBF is assisted in the transaction by Sandler O’Neill & Partners L.P. , the Florida law firm Gunster and the Washington, D.C., office of Skadden, Arps, Slate, Meagher & Flom LLP.

FAHC is assisted in the transaction by FIG Partners LLC, Monroe Financial Partners Inc. and John P. "Jack" Greeley of Smith MacKinnon, PA.

###

CONTACTS: 

J Hal Roberts                                                                     
President and COO                                                          
Harbor Community Bank
Fort Pierce, Florida                                                      
772-971-2203                                                                                

Dan Hager
Chairman and CEO
FAHC Holdings Corporation
First America Bank
941-761-7090
Bradenton, Florida

FIRST AMERICA HOLDINGS CORPORATION SUCCESSFULLY COMPLETES COMMON STOCK OFFERING RAISING $6 MILLION - April 24 2013

Bradenton, FL (April 24, 2013) – First America Holdings Corporation (the “Company”), the parent company of First America Bank announced today the successful completion of a private stock offering. The company raised $6.0 million in new capital issuing 1.5 million shares of its common stock at $4.00 per share.

Daniel S. Hager, Chairman and Chief Executive Officer stated, “Such strong support from investors demonstrates the confidence of the improved economic conditions in the West Coast Florida market.”

Mr. Hager further stated, “This capital raise will allow for the execution of our strategic plan. The Board and management remain highly engaged and are looking forward to a profitable 2013.

The company intends to use the net proceeds from this offering to increase its equity in First America Bank for general corporate purposes, which may include, among other things, support for organic growth.

The Company engaged the investment banking firm of FIG Partners, LLC to act as its placement agent to assist with the offering and the law firm of Haskall, Slaughter and Young acted as legal counsel.

First America Holdings Corporation is the parent company of First America Bank. First America Bank is a strong community bank serving Manatee and Sarasota Counties since 2004. As of March 31, 2013, the Company had total assets of $247.8 million; total loans of $161.6 million; and total deposits of $209.2 million. Additional information about First America Bank is available at www.firstamericabank.com.

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FORWARD-LOOKING STATEMENTS: In addition to historic information, this release includes forward-looking statement, which reflects management’s current expectations for the First America Bank’s future financial results, business prospects and business developments. Management’s expectations for First America Bank’s necessarily involve assumptions, estimates and other evaluation of risks and uncertainties. Various factors could cause actual events or results to differ materially from those expectations. Specific factors include, but are not limited to, the slow economic recovery following the recent financial crisis in the United States and the markets in which we operate, and the response of the federal and state government and our regulators thereto, our ability to sustain growth, First America Bank’s beliefs as to the adequacy of its existing and anticipated allowances for loan losses, beliefs, and expectations regarding actions that may be taken by regulatory authorities having oversight of the operations, interest rates and financial policies of the United States government, continued weakness in the real estate markets within which we operate and general economic conditions. The forward-looking statements contained herein represent management’s expectations as of the date of this release. First America Bank undertakes no obligation to release publicly the results of any revisions to the forward-looking statements included herein to reflect events or circumstances after today, or to reflect the occurrence of unanticipated events. For those statements, First America Bank claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

Press Announcement - September 21 2012

For more information call,
Daniel S. Hager 941-761-7090
Allen Langford 941-722-2992

FIRST AMERICA BANK
FOOD DRIVE BENEFITTING F.E.L.T.

First America Bank hosted a food drive benefitting the F.E.L.T. (Feeding Empty Little Tummies) Program. This fantastic organization was founded in June 2010 to feed hungry homeless children on weekends when they do not have access to school meals. The food drive was organized by Marcus Gordon, a teller at First America Bank. Marcus grew up with a working single mother and knew how a program like F.E.L.T. would have been welcome when times got a bit rough. Marcus is a positive example of hard work and dedication and how to give back to our local community.

First America Bank partnered with the Palmetto Rotary Club in collecting food donations.

First America Bank will be hosting another food drive in the month of November benefitting the F.E.L.T. Program. Non-perishable food donations can be made at any of our 5 banking center locations in the month of November.

5 Banking Center Locations

Manatee 2811 Manatee Avenue West, Bradenton, FL 34205 941-761-7080
Palmetto 410 8th Avenue West, Palmetto, FL 34221 941-722-2992
Ellenton 7204 US Hwy. 301 North, Ellenton, FL 34222 941-729-0569
Sarasota 15 South Palm Avenue, Sarasota, FL 34236 941-918-4068
Osprey 1307 South Tamiami Trail, Osprey, FL 34229 941-918-2265

Press Announcement - January 20 2012

For more information call,
Daniel S. Hager 941-761-7090
Allen Langford 941-722-2992

First America Bank
First And Best in 2012

First America Bank has strategically written off and cleared up all impaired loans in 2011. It remains a well-capitalized bank by regulatory standards with over $24 million in Capital. First America Bank has set it sites on a successful 2012 with an aggressive lending focus in the communities we serve. Allen Langford stated, “We want our community to know, we are here, we a solid and we are lending money.”

Even with a tough economy, First America Bank was able to generate over $40 million in new loan growth for 2011. In 2012, the focus will continue to be on new loan growth through SBA, Commercial and Residential Lending. To further serve the needs of our customers, First America Bank is now offering Residential Jumbo Loans, a need that most community banks are not able to fulfill.

First America Bank is one of the few community banks that have survived this financial crisis. “We are proud to say that we have continued to work with our customers and restructure payments. We take pride in being a true community bank. We live and work in this community and our customers are our friends and neighbors, said Dan Hager, Chairman and CEO.”

With a strong Capital base, a seasoned management team and a full range of products to serve our customers needs, First America is poised for a profitable and successful 2012.

For more information on how First America Bank can help you, please call (941) 761-7080.

Press Announcement - October 28 2009

For more information call,
Daniel S. Hager 941-761-7090
Allen Langford 941-722-2992

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.

Press Announcement - October 01 2009

For more information call,
Daniel S. Hager 941-761-7090
Allen Langford 941-722-2992

Approval Given for Merger of First America Bank and Manatee River Community Bank

First America Bank and Manatee River Community Bank have received final approval for merger. The merger approval has now been given by all regulatory agencies and both institutions received shareholder approval in September.

The combined management team and Board of Directors will form a preeminent community bank in Manatee/Sarasota counties. Doing business under the First America Bank name, the financial institution will have approximately $285 million in total assets and will be headquartered at First America’s existing office, 2811 Manatee Avenue West, in Bradenton.

With five branches stretching from Ellenton to Osprey, First America Bank will offer an extensive product line of commercial, residential and consumer products. Both banks share the same management philosophies of exceptional customer service, sound lending practices and a strong equity position.

“The combined institution will be a strong community partner with the ability to offer more diversified products and services to better serve customers,” stated Daniel S. Hager who will serve as Chairman and CEO.

Allen Langford will serve as President of the combined bank. “There will not be branch closings or employee reductions. Our Banks’ have worked in the same market place for years. We both share a philosophy of building and sustaining strong customer relationships.” said Langford.

Neither, First America Bank or Manatee River Community Bank has received Federal assistance. Both financial institutions are funded by shareholders who are largely all local residents.

Press Release - September 12 2007

Downtown Sarasota Banking Center

Now Open

Sarasota – First America Bank is pleased to announce the grand opening of its third banking center location in the heart of downtown Sarasota. The banking center is located at 15 South Palm Avenue in Sarasota, at the intersection of Main Street and Palm Avenue. The bank opened its doors to the public on Wednesday, September 12, 2007. The official ribbon cutting ceremony was held on Friday, September 28, 2007.

The banking center is run by seasoned banking professionals in the Sarasota/Manatee County marketplace. The team includes:

Terrie Hoyle, Senior Vice President and Market Executive for Sarasota County.

William C. Guy, Jr., Vice President and Commercial Loan Officer.

The Retail Supervisor is Cory R. C. Banks.

The Head Teller is Russell Baker, Jr.

Press Release - August 15 2007

FIRST AMERICA BANK
New Banking Center

BRADENTON –First America Bank is pleased to announce the opening of its 3rd banking center located at, 1350 Main Street in Downtown Sarasota. The banking center will open with an elite banking Team of Terrie Hoyle, Market Executive and Senior Vice President, William Guy, Vice President and Commercial Lender, Cory RC Banks, Retail Supervisor and Russell Baker, Head Teller.

First America Bank is pleased to expand its banking center network and hopes to contribute to the growth and prosperity of the revitalized Downtown District. First America Bank currently has an asset size of $120 million dollars and has recently been given the prestigious distinction of being given a Bauer Five Star rating.

Daniel S. Hager, Chairman and CEO of First America Bank said, “Our success to date has been accomplished by providing the highest level of personalized service. We offer a full range of competitive products and services to accommodate any banking need.

First…in People First…in Service First…in Satisfaction

Press Release - June 13 2005

FIRST AMERICA BANK
OSPREY OFFICE NOW OPEN

OSPREY –First America Bank is pleased to announce the opening of their Main office and second branch location, 1301 South Tamiami Trail in Osprey. The bank is operating in a modular unit located on the property until the permanent banking facility is completed. Construction has begun on the 7,500 square foot full-service banking facility; it is expected to open in the last quarter of 2005.

First America Bank opened its first branch on June 1st, 2004 in a temporary facility at 410 43rd Street West, Suite C in Bradenton. The permanent site located at 2811 Manatee Avenue West in Bradenton is currently under construction and will be completed in July of this year. Daniel S. Hager, Chairman and CEO of First America Bank said, “We recently celebrated our one year anniversary on June 1st and our growth over the past year has been tremendous. We are looking forward to 2006 and expanding our branch network throughout Manatee and Sarasota Counties”.

Press Release - April 05 2005

FIRST AMERICA BANK
OSPREY GROUNDBREAKING CEREMONY

OSPREY –First America Bank held a groundbreaking ceremony today at the site of their new Osprey location, 1301 South Tamiami Trail. Construction will begin on the 7,500 square foot full-service banking facility immediately; it is expected to open in the last quarter of 2005. The bank will operate in a modular unit located on the property until the permanent banking facility is completed.

First America Bank opened its doors on June 1st, 2004 in a temporary facility at 410 43rd Street West, Suite C in Bradenton. The permanent site located at 2811 Manatee Avenue West in Bradenton is currently under construction and will be completed in June of this year. In only 10 months, our total assets have exceeded 50 million dollars. Daniel S. Hager, Chairman and CEO of First America Bank said, “We are excited about our successes over the past year. It is rewarding watching the bank steadily grow and our branch network extend throughout Sarasota and Manatee Counties.”

Press Release - November 16 2004

FIRST AMERICA BANK GROUNDBREAKING CEREMONY

BRADENTON –First America Bank held a groundbreaking ceremony today at the site of their new Bradenton location, 2811 Manatee Avenue West. Construction will begin on the 6,000 square foot full-service banking facility immediately; it is expected to open in the second quarter of 2005.

First America Bank opened its doors on June 1st, 2004 in a temporary facility at 410 43rd Street West, Suite C in Bradenton. In only four months, our total assets have exceeded 30 million dollars. Daniel S. Hager, Chairman and CEO of First America Bank said, “Our success to date has been accomplished by providing the highest level of personalized service. We offer a full range of competitive products and services to accommodate any banking need.

First America Bank will open an additional full-service banking facility in Osprey, Florida before the end of the year.

Press Release - July 10 2004

FIRST AMERICA BANK
New bank leases old Pizza Hut

KURT D. SCHULTHEIS
Herald Staff Writer

BRADENTON - A vacant pizza parlor will transform into another new bank building on Manatee Avenue West.

First America Bank, a small start-up that opened its doors June 1, announced the signing of a ground lease for the property at 2811 Manatee Ave. W.

It is the site of a longtime dine-in Pizza Hut location, which closed its doors on March 15. "It won't look like a Pizza Hut when we're done with it," said Dan Hager, chief executive officer and chairman of the board for First America.

In the coming months, the formerly red hut will turn into a 6,300-square-foot bank. Hank Goldsby, president of First America Bank, believes the new building will be up and running by the first quarter of 2005.

"We plan on tearing down most of the existing structure," Goldsby said. "And we'll use the shell to create a state-of-the-art bank building."

The branch will have ATMs, a night drop and drive-through lanes.

The architect is finishing the plans, Goldsby said. "Then we can pick our contractor, start the permitting process and get to work."

The cost of the new building has yet to be determined, Goldsby said.

Open just longer than a month at its temporary location at 410 43rd St. W., First America has 160 account holders, with $7 million in deposits and $10 million in loans. "And we haven't started advertising yet," Goldsby said.

The bank has signed a land lease for a site in Osprey as well.

Once the branches are complete, Goldsby will head up the Osprey branch, while Hager takes over the Manatee County location.

First America plans to keep its temporary location as its operations center.

Derek Williams, financial adviser for Moseley Investment Management Inc. in Bradenton, said new community banks will continue to pop up in the area.

"The period of growth for small banks is ongoing," Williams said. "I think we will continue to see smaller banks with attention to customer service emerge to compete with the big boys."

ress Release - May 11 2004

FIRST AMERICA BANK

(In Organization)

Daniel S. Hager has joined First America Bank

Manatee/Sarasota Counties --- The Board of Directors of First America Bank (In Organization) is pleased to announce the addition of Daniel S. Hager as Chairman of the Board and Chief Executive Officer. A native to Manatee County, Mr. Hager joined First America Bank after leaving Regions Bank as President and Chief Executive Officer. Carol B. Green has led First America Bank through the organizational process as Chairman of the Board. Mrs. Green will continue on as Vice Chairman of the Board of Directors and Chairman of the Executive Committee.

Mr. Hager stated, “I am very pleased to be a part of a locally owned Community Bank. Manatee and Sarasota Counties are a great place to do business and I look forward to serving customers at First America Bank. Our goal is to redefine banking in our community and provide the personal touch that banking customers deserve.”

The Bank was successful in raising its maximum allowable capital of $10 million dollars in only 3 months. First America Bank attributes its success to the Board of Directors and Management Team whose strong community involvement has generated tremendous excitement in the Banking Community.

Mrs. Green announced that the Bank is on schedule with its plans for a June opening in Bradenton, located at 410 43rd Street West, Suite C, to be followed by an anticipated July opening in Osprey.

Press Release - April 07 2004

FIRST AMERICA BANK

(In Organization)

Senior Officers Join First America Bank

Osprey, FL --- The Board of Directors of First America Bank (In Organization) are pleased to announce the addition of a Chief Financial Officer and 3 Senior Officers.

Michael L. Hogan has been named as Chief Financial Officer for First America Bank. Mr. Hogan has been a CPA since 1980. Mr. Hogan most recently was the Chief Financial Officer of Pelican National Bank in Naples, Florida.

Michael Turner has been named as Senior Vice President-Commercial Loan Manager in Sarasota County. David Wymer has been named as Senior Vice President-Commercial Loan Manager in Manatee County. Both Loan Officers have several years experience in the Sarasota/Manatee marketplace. Kelly H. Ellis has been named as Senior Vice President-Branch Administration/Human Resource Manager. Mrs. Ellis joins our team with over 10 years of banking and management experience. To date, the stock offering has yielded in excess of $8 million dollars. We anticipate raising the remaining funds within the next few weeks. The maximum amount of stock sold will be $10 million dollars.

Hank Goldsby, President of First America Bank, stated “that the Board of Directors and Management are very pleased to have some of the most experienced and well-respected bankers in the marketplace joining our team”.

FIRST AMERICA BANK
(In Organization)

First America Bank In Organization has raised over $8 million capital in 8 weeks and has received regulatory approval from both the State and FDIC. The bank plans to open its first office in Bradenton the end of the second quarter 2004 and a second office in Osprey, Florida the third quarter of 2004. The offering will remain open until May 15th, 2004, or until the maximum allowable capital of $10MM is reached, at which time it will be closed.

First America’s Management team consists of long-time community bankers who have worked in the Manatee/Sarasota area for many years. The First America Bank Management Team is:

Hank A. Goldsby - President/COO
Michael L. Hogan – Executive Vice President – Chief Financial Officer
Michael Turner-Senior Vice President-Senior Loan Officer in Sarasota County
David Wymer - Senior Vice President-Senior Loan Officer in Manatee County
Kelly H. Ellis - Senior Vice President-Branch Administration/Human Resource Manager
Cindy Allen - Vice President-Loan Operations Manager
Patrick G. Bryant - Vice President-Credit Policy/Accounting Officer

Plans are in the works for opening full service bank branches in both Manatee and Sarasota Counties. The bank will provide superior customer service and high tech solutions through the utilization of leading edge technology.

For information on an Offering Circular describing this investment opportunity or further information, please call Hank Goldsby, President/COO at (941) 536-0905, fax: (941) 536-0903, address: 3236 Southgate Circle, Sarasota, Florida 34239.

About Us

First America Bank is committed to providing the communities we serve with the best banking value, service and convenience possible. We strive to ensure the customer’s experience exceeds their expectations. First America Bank is a strong community bank serving the needs of individuals and businesses throughout Manatee and Sarasota Counties. We provide the best lending products for both personal and commercial customers. Our deposit products are competitive; we have an account to meet most financial needs. Our knowledgeable TEAM is geared to assist customers with quick and professional service.

We appreciate the opportunity to serve you and show you how we are "Customer Focused. Community Strong."