Gunster shareholder Gregory K. Bader and associate Gustav Schmidt were profiled in the Jan. 27 edition of the Daily Business Review.
The $66.7 million merger of Stonegate Bank and Community Bank of Broward closed on Jan. 8, and the operational integration of the two banks is expected to be completed in April of this year. The combined entity will be known as Stonegate Bank.
The merger will result in $2.2 billion in assets for Stonegate, making its the 10th-largest bank based in South Florida, Bader tells the DBR.
Stock deals, like this one, are becoming a more popular means to purchase institutions, Bader says in the article.
Gunster has represented Stonegate in other legal matters in 2014, including the bank’s initial public offering and its acquisition of Florida Shores Bancorp.
Read the article: Gunster duo advises on $67M Stonegate Bank merger (Daily Business Review, 1/27/15 – subscription required)
Related:
- $66.7 million deal closes: Stonegate Bank, Community Bank of Broward merged (Gunster.com Newsletters & Alerts, 1/13/15)
- Banking M&A up; Gunster handles three of 2013’s biggest deals, as listed in American Banker (Gunster.com Newsletters & Alerts, 1/28/14)
- American Banker: Banking M&A activity in Florida likely to increase in 2014 (Gunster.com In the News, 1/7/14)
