Law360 | 3 Firms Guide $2.9B Synovus, Florida Community Bank Tie-Up

Alston & Bird client Synovus Financial Corp. has entered into a definitive agreement to acquire FCB Financial Holdings, Inc., owner of Florida Community Bank (FCB), Florida’s largest community bank, for $2.9 billion.

Alston & Bird client The First Bancshares, Inc., holding company for The First, A National Banking Association, announced that it plans to acquire First Florida Bancorp, Inc., the parent company of First Florida Bank, for approximately $85 million.

Alston & Bird client The First Bancshares, Inc., holding company for The First, A National Banking Association, has entered into an agreement to acquire Sunshine Financial, Inc. and its banking subsidiary, Sunshine Community Bank, for approximately $32 million.

Alston & Bird advised Florida-based FineMark Holdings, the parent company of FineMark National Bank & Trust, on its $585 million acquisition by Commerce Bancshares, a regional bank holding company. The all-stock transaction is expected to be completed on January 1, 2026, subject to customary closing conditions.

Alston & Bird client Business First Bancshares Inc., the holding company for b1BANK, has announced a definitive agreement to acquire Pedestal Bancshares Inc. and its wholly-owned subsidiary, Pedestal Bank, in a deal valued at about $211 million.