NAFH plans banking merger


  • By
  • | 9:07 p.m. March 11, 2011
  • | 0 Free Articles Remaining!
  • Charlotte–Lee–Collier
  • Share

Those who bring capital to the bank should get to name it, too.

North American Financial Holdings, which acquired TIB Financial, parent of TIB Bank, now plans to merge the Naples bank with other recent acquisitions. NAFH, headed by former Bank of America Vice Chairman Eugene Taylor, invested $175 million into TIB last year.

Appropriately, the new entity will be called Capital Bank, and its headquarters will be in Miami.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content