Sunshine Bancorp Inc., the parent holding company of Plant City-based Sunshine Bank, announced the completion of its branch purchase agreement with First Federal Bank of Florida. This transaction positions Sunshine with two locations in Manatee County and a platform for continued growth in the greater Sarasota region.
“We are excited to have the First Federal employees and customers in the greater Sarasota market join the Sunshine family,” Andrew S. Samuel, president and chief executive officer of Sunshine, said. “We look forward to continue serving our expanded customer base with uncompromising service and building a strong relationship-based community banking franchise.”
The transaction was announced on July 17, and all required regulatory approvals were received earlier in the fourth quarter of 2015.
As a result of the transition, Sunshine’s network will include 12 banking facilities, operating under the Sunshine Bank name, in Hillsborough, Manatee, Orange, Pasco, Polk and Sarasota Counties.