WESTON, Fla.--(BUSINESS WIRE)--
FCB Financial Holdings, Inc., (NYSE: FCB) announced it has surpassed $10 billion in assets during the third quarter. As a result, FCB is the largest community banking company and the second largest independent bank in Florida, marking a significant milestone for one of Florida’s most well-capitalized banks and the largest pure-play bank in the state.
Founded seven years ago, FCB is one of the fastest-growing banks in Florida serving over 90,000 Florida businesses and families, with nearly 700 employees at 46 banking locations in pivotal Florida markets. A primary reason for FCB’s market leading growth is our unique commitment to exclusively serving Florida and Floridians. This approach has led to over $10 billion of organic banker to client loan production since 2010 and 18 consecutive quarters of record operating results. As further evidence of the company’s performance, FCB ranked #10 in Forbes 2017 “Best Banks in America®,” and Bank Director magazine ranked FCB a Top-10 performing bank in the nation with assets between $5 billion and $50 billion for the second consecutive year.
Commenting on the milestone, Kent Ellert, FCB President and CEO, stated, “Today, we are proud to have surpassed $10 billion in assets, and I want to personally thank each of our customers and employees for their invaluable contributions to FCB’s success. From day one, we laid out a plan and commitment to our customers to build the leading independent banking franchise in Florida. We believe that every state and its local communities greatly benefit from independent bank leadership and that we have an opportunity to fill that void in Florida. Honoring our commitment, we have evolved from an acquirer of small banking institutions to a high-growth organic engine operating a unified brand and integrated platform throughout our footprint. We believe a consistent, quality organic growth engine is one of the most important attributes a bank can enjoy. Moving forward, our experienced human capital and financial strength enables us to continue to serve the needs of our customers to facilitate a sustainable dynamic for development and growth.”
FCB places great emphasis on enhancing the communities where its customers and employees live and work. FCB associates take pride in supporting community organizations and collectively volunteered over 19,000 hours to community development efforts, including affordable housing activities, economic development, job creation, neighborhood revitalization and other community-based projects since the company’s inception.
In addition to the hands-on efforts of its associates, FCB donated more than $1 million to over 500 community and business organizations throughout the state, showing increased dedication to supporting the community as FCB expands in asset size and footprint. For more information on FCB, please visit FloridaCommunityBank.com.
About FCB Financial Holdings, Inc.
FCB Financial Holdings, Inc., parent company of Florida Community Bank, N.A., (NYSE: FCB) is the largest community banking company and the second largest Florida-based independent bank, and among the most highly capitalized banks in the state. Awarded a five-star rating from Bauer Financial™, FCB assets are more than $10 billion, with capital ratios that exceed regulatory standards. Since its founding in 2010, FCB has been steadfast in its commitment to delivering personalized service, innovation, and products and services equal to those offered by the national banks. Similarly, FCB recognizes the importance of community, fostering a corporate culture that promotes employee volunteerism at all levels, while supporting community-based programs and partnerships that help promote greater financial independence and improved quality of life for families. FCB serves individuals, businesses and communities across the state with 46 full-service banking centers from east to west, and from Daytona Beach to Miami-Dade. For more information, visit FloridaCommunityBank.com., Equal Housing Lender, Member FDIC. ©2017, Forbes Media LLC. Used with permission
Forward-Looking Statements
This release may contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements about our expectations, beliefs, plans, strategies, predictions, forecasts, objectives or assumptions of future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipates,” “believes,” “expects,” “can,” “could,” “may,” “predicts,” “potential,” “opportunity,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “seeks,” “intends,” “forward” and similar words or phrases. Accordingly, these statements involve estimates, known and unknown risks, assumptions and uncertainties that could cause actual strategies, actions or results to differ materially from those expressed in them and are not guarantees of timing, future results or other events or performance. Because forward-looking statements are necessarily only estimates of future strategies, actions or results, based on management’s current expectations, assumptions and estimates on the date hereof, and there can be no assurance that actual strategies, actions or results will not differ materially from expectations, you are cautioned not to place undue reliance on such statements. Additional information regarding certain risks, uncertainties and other factors that could cause actual strategies, actions and results to differ materially from those contemplated in forward-looking statements is included from time to time in our filings with the SEC, including under the heading “Risk Factors” in our most recent Annual Report on Form 10-K. Any forward-looking statement speaks only as of the date on which it is made, and FCB Financial Holdings, Inc., undertakes no obligation to update any forward-looking statement, whether to reflect events or circumstances after the date on which the statement is made, to reflect new information, the occurrence of unanticipated events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170822005615/en/