USAmeriBank expands

Largo-based USAmeriBank is looking to open a new branch in St. Petersburg. The proposed office, at 1840 Fourth St. N., is currently occupied by Cornerstone Community Bank.

Cornerstone, based in St. Petersburg, said it plans to sell the building and land to USAmeriBank while moving deposits to another nearby branch. The deal is subject to approval by the Federal Deposit Insurance Corp. and other banking regulators.

USAmeriBank operates on both sides of Tampa Bay, with four branches in Tampa and one each in Largo and Clearwater. It is among the largest community based banks along the Gulf Coast, with $876.3 million in assets at midyear.