Contacts: Donald R. Neel, President and CEO, United Fidelity Bank (812) 492-4701
Angela Peters, Marketing Director (812) 429-0550, ext. 3346
For Immediate Release: December 2, 2016
UNITED FIDELITY BANK ACQUIRE MYERS, FLORIDA BANKING CENTER FROM RELIANCE BANK
(Evansville, IN) December 2, 2016: United Fidelity Bank, fsb, Evansville, IN (“United”) announced today that it has finalized the purchase of the Metro banking center located in Ft. Myers, FL from Reliance Bank, based in Frontenac, MO. Terms of the purchase provide for United to acquire all the real property, equipment, and other selected assets associated with the banking center and to assume all deposits and selected loans.
With respect to the transaction, Donald R. Neel, President and CEO of United said, “It has been our continued goal to move into markets with stable core deposit funding, and dynamic lending opportunities. As part of our opportunistic growth strategy, we also seek out prime locations and identify outstanding employees. The Metro banking center is a great fit for United, and allows us to serve the growing south Florida markets. This is an exciting time for not only United but for all of our customers, associates, and communities.”
The Metro banking center is located at 14241 Metro Parkway in Ft. Myers. This location will be a full-service banking center providing personal banking, business banking, and lending services. Neel added, “We are extremely pleased for the opportunity to provide personalized financial solutions to the residents and businesses in the greater Ft. Myers area, and firmly believe they will be well served by United.”
United will now have 14 banking centers and approximately $440M in total assets. United serves the following Indiana cities: Evansville, Carmel, Newburgh and Mt. Vernon. In addition, United serves Cincinnati, Ohio, Chicago, Illinois, and Denver, Colorado. United also has an acquisition pending in Christiansted, US Virgin Islands.