Fidelity Southern To Assume Deposits Of Six Florida Branches

(RTTNews) - Fidelity Southern Corp (LION), holding company for Fidelity Bank, said Thursday that Fidelity Bank has agreed to assume about $200 million of deposits at a deposit premium of 1.5% from six branches of CenterState Bank of Florida, N.A., which were recently acquired by CenterState pursuant to its holding company's acquisition of First Southern Bancorp Inc.

The branches are located in counties surrounding Jacksonville and Orlando, Florida, including Duval, Orange, Volusia, Seminole, and St. Johns Counties. The Bank will also acquire five of the branch offices.