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Tampa Bay-Lakeland
Business Observer Tuesday, Jun. 1, 2010 10 years ago

HomeBanc finalizes Encore buy

The Tampa bank has acquired $50.4 million in deposits from Encore.

HomeBanc N.A. has finalized its agreement to acquire deposits worth approximately $50.4 million from Encore Bank N.A., according to a release from the bank.

A subsidiary of Houston-based Encore Bancshares Inc., Encore Bank is selling the deposits from its Clearwater and Belleair Bluffs offices to HomeBanc. News of a pending deal was first reported in March, when Encore announced that it would be leaving Florida.

HomeBanc is a subsidiary of Tampa-based Homebancorp Inc., led by CEO Jerry Campbell.

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