POTENTIAL DEAL DETAILS
|Stock||FCB Financial Holdings, Inc.||Symbol||FCB|
|Date of Confirmation:||07/24/2018||Price at Confirmation:||$52.25|
|Potential Profit:||-7.11%||Annualized Profit:||-25.45%|
FCB Financial Holdings Inc (FCB), owner of Florida Community Bank, is exploring a sale, people familiar with the matter said on Friday, as an easing of financial rules unleashes pent-up demand for deals among mid-sized U.S. banks.
July 24, 2018: Synovus Financial Corp. (SNV) and FCB Financial Holdings, Inc. (FCB) today jointly announced their entry into a definitive merger agreement under which Synovus will acquire FCB Financial Holdings, Inc., (FCB) owner of Florida Community Bank (FCB), Florida’s largest community bank. With the addition of FCB, Synovus (SNV) will become a top five regional bank by deposits in the Southeast region with pro forma $36 billion in deposits and $44 billion in assets.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.