ATLANTA, Sept. 19, 2014 /PRNewswire/ -- Fidelity Southern
Corporation ("Fidelity") (NASDAQ: LION), holding company for
Fidelity Bank (the "Bank), announced the completion of the
previously announced acquisition of the deposits of six branches of
CenterState Bank of Florida, N.A.
("CenterState"). In connection with the acquisition, the Bank
assumed approximately $174.2 million
in deposits at a deposit premium of 1.5%.
Fidelity has been in Florida
since 1992, and the transaction expands its presence in counties
surrounding Jacksonville and
Orlando. Speaking about the transaction, Fidelity's
President, Palmer Proctor, said, "We
are pleased to close this transaction with CenterState and look
forward to serving the needs of our newest Florida customers."
About Fidelity Southern Corporation
Fidelity Southern Corporation, through its operating
subsidiaries Fidelity Bank and LionMark Insurance Company, provides
banking services and wealth management services and credit-related
insurance products through branches in Georgia and Florida, and an insurance office in
Atlanta, Georgia. SBA,
indirect automobile, and mortgage loans are provided throughout the
South. For additional information about Fidelity's products and
services, please visit the website at www.FidelitySouthern.com.
Contact:
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Martha Fleming, Steve
Brolly
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Fidelity Southern
Corporation
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(404)
240-1504
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SOURCE Fidelity Southern Corporation